Mohammed Hussain
CEO & MEMBER OF THE BOARD
Mr. Hussain, who was appointed Ithmaar Bank Chief Executive Officer in August 2009, has been a Member of the Ithmaar Board of Directors since June 2008. He is also a member of the Bank’s Executive Committee. Mr. Hussain is responsible for overseeing the Bank’s holdings in subsidiaries, associates and strategic investments, as well as the Group’s Treasury, Private Banking and Risk Management. Prior to his current appointment, Mr. Hussain was Chief Executive and Member of The Board of Shamil Bank (Bahrain), which is wholly-owned by Ithmaar Bank. A seasoned banker who joined Shamil Bank in 1998, Mr. Hussain previously held other senior positions at the Bank, including Deputy Chief Executive. He was also General Manager of Islamic Investment Company of the Gulf (E.C.) in Bahrain prior to its merger with Faysal Islamic Bank of Bahrain (E.C.) in 2000. His previous positions included Senior Vice President, Smith Barney Inc. Bahrain; Director, Marketing and Corporate Finance, Bahrain International Bank; and Assistant Vice President, Gulf International Bank. He currently serves on the boards of BBK (formerly known as Bank of Bahrain and Kuwait), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), Faisal Islamic Bank of Egypt, First Leasing Bank, Solidarity and Ithraa Capital (Kingdom of Saudi Arabia). Mr. Hussain, a Bahraini National, holds a Bachelor of Arts degree in Economics and Finance. |
Ahmed Abdul Rahim
CHIEF OPERATING OFFICER
A veteran of Bahrain’s banking industry, Mr. Abdul Rahim, joined Ithmaar in March 2007 following a successful stint at its subsidiary, Shamil Bank, where he was General Manager, Support Group since June 2006. Coming under his direct supervision at Ithmaar are Financial Control, IT and Operations, as well as Human Resources and Public Relations and Corporate Communications. Mr. Abdul Rahim, who is currently also the Shamil Bank Deputy Chief Executive, had previously worked for 28 years with National Bank of Bahrain at various executive levels, including as Manager FX and Funding, Chief Internal Auditor and, finally, Assistant General Manager, Corporate Services. He holds an MBA from the University of Glamorgan, Wales (UK), and is an Associate in Financial Accounting from the Institute of Financial Accountants, London (UK). He also holds an Executive Management Diploma from the University of Bahrain and Advance Banking Diploma from the Bahrain Institute of Banking and Finance. Mr. Abdul Rahim is a member of the Executive Committee of Shamil Bank and a member of the Board of Directors of Meezan Bank, Pakistan, First Leasing Bank, Bahrain and Ithmaar Development Company. He is also a member of the InJaz Bahrain Board of Directors.
Abdul Hakim Khalil Al-Mutawa
MANAGING DIRECTOR, PRIVATE BANKING GROUP
Mr. Al-Mutawa was appointed Managing Director, Private Banking Group in August 2008. Prior to his Ithmaar appointment, Mr. Al-Mutawa led investment placement and private banking activities at Shamil Bank where his earlier roles included senior positions in investment and corporate banking. Mr. Al Mutawa is also the Chairman of the Board of Sakana Holistic Housing Solutions, a mortgage finance joint venture between Shamil Bank and BBK. Before joining the banking industry, Mr. Al-Mutawa spent more than 12 years in a commercial capacity in the airline and aviation industry. Among his achievements is the Shaikh Isa Bin Salman Al Khalifa Medal (4th Degree) for government service award, which he received in 2000. Mr. Al-Mutawa holds an MBA from the University of Bahrain and a Bachelor in Engineering from the University of Texas at Austin.
Carolyn Prowse
MANAGING DIRECTOR, MERGERS AND ACQUISITIONS
An Oxford University graduate, Ms. Prowse spent ten years at British Airways Plc, most recently as Senior Manager, Investments and Joint Ventures, and was based in London. Her responsibilities included reviewing, structuring and negotiating all types of corporate transactions, including acquisitions, disposals, mergers, joint ventures and alliances. A British national, Ms. Prowse also played a key role in restructuring parts of the BA Group. Prior to her BA appointment, Ms. Prowse worked for LEK LLP, a consulting firm specialising in corporate strategy, mergers and acquisitions and privatisations, where her work included the privatization of the UK railways. At Ithmaar, in addition to Mergers and Acquisitions, she also has investment banking responsibility for the transportation sector.
Maysan Al-Maskati
EXECUTIVE DIRECTOR, PRIVATE EQUITY
Mr. Al-Maskati began his investment banking career in 1998 and worked for leading international private equity specialist Emerging Markets Partnership (EMP), whose Bahrain subsidiary is the General Partner and Manager of the $730.5 million Islamic Development Bank (IDB) Infrastructure Fund. This pioneering regional private equity fund, headquartered in the Kingdom of Bahrain and investing in private sector infrastructure, was co-founded by IDB, Dar Al-Maal Al-Islami (DMI) Trust and EMP. During his tenure with EMP, Mr. Al-Maskati was actively involved, alongside senior management, in both closing the fund and in making large investments in the power and petrochemical sectors, and also contributed to effecting investments in other sectors. Prior to joining Ithmaar, Mr. Al-Maskati worked at Gulf One Investment Bank as Vice President, Infrastructure, and Masar Advisory as Private Equity Director. Mr. Al Maskati holds a Bachelor of Science in Industrial and Manufacturing Systems Engineering from Kansas State University, US.
Ravindra Khot
MANAGING DIRECTOR - CHIEF FINANCIAL OFFICER
Mr. Khot is in charge of consolidated financial, regulatory and management reporting. He is also responsible for provision of proactive and key support in the development of Ithmaar’s strategy, business plan and budget, management decision-making, liquidity planning and oversight of the Bank's performance management. Mr. Khot has 22 years of experience in investment banking and the financial services industry. Prior to joining Ithmaar, he held the position of Vice President, Financial Administration at TAIB Bank. His other key positions include Senior Manager, Financial Services at PricewaterhouseCoopers and Principal Consultant, Consulting at i-flex Solutions. He started his professional career in 1986 with Price Waterhouse. During his career, he has been responsible for overseas assignments in the US, Latin America, the Middle East and India. He is a Fellow Member of the Institute of Chartered Accountants of India.
Tawfiq Mohammed Al-Bastaki
MANAGING DIRECTOR - CHIEF RISK OFFICER
A seasoned risk specialist, Mr. Al-Bastaki was formally appointed Chief Risk Officer at Ithmaar towards the end of 2008 after working closely with the senior Ithmaar management team in his capacity as Assistant General Manager, Risk Management and Compliance, at Shamil Bank, a wholly-owned subsidiary of Ithmaar Bank. Mr. Al- Bastaki, who has more than 29 years of conventional and Islamic banking experience, is responsible for ensuring the Bank maintains adequate risk management systems, developing and implementing the Bank’s Risk Management strategy, and advising the Management on risk and compliance related issues. Mr. Al-Bastaki’s financial experience covers a broad range of banking areas including risk management policies and procedures, and compliance management as well as credit and investment banking. Mr. Al-Bastaki serves on a number of committees including the Investment and Credit Committee, the Assets and Liabilities Committee and the Management Committee, at Shamil Bank. He is also a member of the Sakana Holistic Housing Solutions Board of Directors as well as the Risk Management Committee of Shamil Bank. Mr. Al- Bastaki holds a Bachelor of Science in Islamic Banking, an Advanced Banking Diploma and a post graduate Executive Management Diploma.
Scott A. Creswell
GENERAL COUNSEL AND COMPANY SECRETARY
Mr. Creswell joined DMI Switzerland in 1986, and for ten years he was senior legal counsel in the legal department. Since 1997 he has been based in Bahrain and is currently the head of the legal department at Ithmaar. Prior to joining DMI, Mr. Creswell practiced law in Chicago, Illinois and is currently admitted to practice before a number of courts, including the Illinois Supreme Court and the United States Supreme Court.
Mohammad Ali
GROUP CHIEF INTERNAL AUDITOR
Mr. Ali joined Ithmaar Bank as Group Chief Internal Auditor in August 2007. Prior to that, he worked for DMI Administrative Services in Geneva, Switzerland for ten years as Director, Internal Audit, responsible for overseeing the auditing activities of the group companies in Switzerland, Saudi Arabia, Bahrain and Pakistan. Mr. Ali has international audit experience having worked as an Audit Manager for Bank of Credit and Commerce International in the US and a Contract Specialist for the multinational construction company Bechtel in Saudi Arabia. He was a Senior Manager for Audit at the Hub Power Company (HUBCO) in Pakistan before joining Al-Faysal Investment Bank in Pakistan as Executive Vice-President, Audit. He holds an MBA from Western Illinois University and is a Member of the American Institute of Certified Public Accountants (AICPA).
Jassim Abdul Karim Salman
EXECUTIVE DIRECTOR IT AND OPERATIONS
Mr. Salman has experience in both business and technical disciplines. Before joining Ithmaar, he was a Senior Advisor on IT and Operations to the Director General of the Dubai Financial Markets (DFM). He also contributed to the Bahrain Capital Market industry, with extensive responsibilities for the planning and operations of the Bahrain Central Securities Depository, the management of Advanced Trading, Clearing and Settlement systems, as well as the practical management of IT functions at the Bahrain Stock Exchange. Other areas of experience include 15 years in banking, electrical and electronic engineering and telecommunications. Mr. Salman holds a Higher National Diploma in Electrical and Electronic Engineering from Derby Lonsdale University in Derby, UK.