Oman Ahli Bank has appointed Said Al Hatmi to the position of chief executive, effective from June 17, following the resignation of Lloyd Maddock, who has held the post since February 2014.
Mr. Said Al Hatmi (biography) was Senior General Manager, Risk, Finance, Legal and Compliance at Ahli Bank since January 2016, General Manager and Corporate Secretary from October 2013 until December 2015, and Deputy General Manager, CFO and Corporate Secretary from May 2007 until September 2013.
Previously, from 2001 until 2007, Mr. Said Al Hatmi held various positions at HSBC Bank Middle East, Oman.
Overall, he has more than 17 years of commercial banking experience in the areas of corporate banking, risk management, finance and banking operations.
Mr. Al Hatmi graduated with a Bachelor’s Degree in Finance from Sultan Qaboos University in 2000 and received his MBA from the University of Strathclyde in the UK in 2007.
He also qualified as a Certified Management Accountant from Institute of Management Accountants, USA, in 2011.
The appointment of Mr. Al Hatmi as new CEO, effective from June 17, is subject to the approval of the Central Bank of Oman.
In a statement on Muscat Securities Market, the bank said: “Ahli Bank wishes to announce that its board of directors accepted the resignation of Mr. Lloyd Maddock, the chief executive officer, who has decided to leave the service of the bank for personal reasons. Mr. Maddock shall serve his notice period, which ends on June 16.”
Ahli Bank (formerly Alliance Housing Bank) provides a wide range of products and services in corporate, retail, investment and private banking, including Islamic banking, through a network of 20 branches. Ahli Bank’s total assets at the end of 2017 were OMR 2.01 billion.
For more information, visit http://www.ahlibank.om/.