Gulf International Bank (GIB) has announced the appointment of Mr. Adel Al-Mangour as Managing Director-Merchant Banking at the Bank's headquarters in the Kingdom of Bahrain.
Mr. Al-Mangour, a Saudi Arabian national, joins GIB from the Arab National Bank, where he held a number of senior positions from 2001-2010, including that of Chief Credit Officer. Prior to that, he worked as Vice President-Corporate Finance at J. P. Morgan Chase Bank in Bahrain for two years.
Mr. Al-Mangour started his banking career at Gulf International Bank in 1987. During his 12 years of service at the Bank, he held a number of positions and was appointed Head of Structured Finance from 1995 to 1999.
Commenting on this appointment, GIB's Chief Executive Officer, Dr. Yahya A. Alyahya, said: "I am looking forward to working with Adel, who brings a wealth of experience in various banking fields. He has extensive experience in project and structured finance, corporate banking and risk management. His appointment comes as part of the Bank's efforts to further improve and expand our financial services and build stronger relationships with our clients."
Mr. Al-Mangour said he is "delighted to be joining such a pre-eminent financial institution as GIB, which for a long time has been virtually unrivalled in being recognized as the foremost Merchant Bank in the Middle East. I am looking forward to working with Dr. Alyahya and other colleagues at GIB to ensure we provide unparalleled financial and advisory services to clients."
GIB is a leading merchant bank in the Middle East with its principal focus on the GCC states. Its primary shareholder is the Public Investment Fund of Saudi Arabia. The Bank provides client-led, innovative financial products and services to a wide customer base in the region, including investment banking, asset management, project and structured finance and Islamic banking.