Published: April 6, 2009
BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer.
Before joining BMB, Habib was group chief executive officer of Oman National Investment Corporation (ONIC). He has previously served in the Central Bank of Oman, the Civil Services Pension Fund and Oman International Bank.
BMB Investment Bank is Gulf-based and principally engaged in investment banking, asset management and proprietary trading. The bank specialises in alternative investments and financial advisory and offers innovative global products and services to individual, institutional and governmental clients from across the region.
Habib assumed his duties as CEO at the end of February, replacing outgoing chief executive Albert Kittaneh.
In commenting on the appointment, the bank’s chairman, Wilson Benjamin, says: “Given current highly challenging economic conditions as well as the bank’s ambitious plans for its business, we are extremely pleased to have secured an individual of Habib’s calibre for this key management position at BMB.”