Published: July 29, 2010
New wholesale banking head to develop offering.
BMI Bank, a Bahraini retail and commercial institution, has stepped up its efforts to develop its wholesale banking division by announcing an internal promotion.
Fathi Ebrahim, who previously managed the bank’s Islamic financial services division, becomes head of wholesale banking and will build the business locally as well as in other countries where it has a presence.
BMI’s chief executive, Jamal Al-Hazeem, says wholesale banking has always been a key corner stone of the business and Ebrahim’s promotion reflects the bank’s commitment to strengthening its offering.
Ebrahim has almost three decades of experience in the banking industry and joined BMI in 1999. He was instrumental in implementing the bank’s corporate banking strategy by developing a high net-worth client base, which included corporates and governments in the GCC. He also played a major role in structuring some 30 major corporate transactions for clients in Oman, Saudi Arabia, Qatar and Kuwait.
His experience spans across several banks including Ahli United, Standard Chartered, Swiss Bank Corporation and American Express.
BMI operates in Bahrain through a network of eight branches. It also has an outlet in Qatar, an offshore bank in the Seychelles and a shareholding in Kenya’s Gulf African Bank.