Manama, Bahrain: Arab Banking Corporation (ABC), the international Arab bank based in Bahrain is pleased to announce the appointment of Dr. Khaled S. Kawan as the Deputy Chief Executive of the Group. In his new position, the Wholesale Banking, Universal Banking and Group Operations of ABC will report to Dr. Kawan. ABC is hopeful that this refocusing of its business segments and operational platform around its customers will optimise its services towards a more profitable and cost effective delivery.

Dr. Kawan, a Libyan national, is a lawyer by profession with a Ph.D. in Banking Laws from the University of Paris (Sorbonne), France. He has been with the ABC Group for 19 years. During this period, Dr. Kawan played a pivotal role in consolidating the corporate governance framework for ABC, acting as the General Counsel and Corporate Secretary of the ABC Group. Dr. Kawan is also familiar with ABC’s subsidiaries where he has held significant offices on a number of their Boards in Europe and the Arab World. He is well known throughout the ABC Group and highly respected for his professional judgement and business acumen.

Speaking on the appointment, Mr. Hassan Juma, President & Chief Executive of ABC, said: “ABC’s leadership will be further enhanced by Dr. Kawan’s management skills which make him a natural fit for the position. I look forward to his assistance and working together with him in taking the bank to the next level of our strategy and increasing shareholder value.”