Gulf Bank names Louis Myers as new Chief General Manager

Published March 14th, 2007 - 03:44 GMT
Al Bawaba
Al Bawaba

Gulf Bank announced today that Mr. Louis J. Myers has been appointed Chief General Manager of the Bank.

Mr. Myers has more than 33 years experience in banking in the Middle East and the United States.

“We are delighted to welcome Lou Myers to Gulf Bank,” said Mr. Bassam Yusuf Alghanim, Chairman and Managing Director of Gulf Bank. “Mr. Myers’ record speaks for itself. At Saudi Arabia’s largest bank, he led a consumer-driven growth strategy that delivered substantial increases in earnings and profitability. His depth of experience in retail banking in this region makes him an excellent choice as our new Chief General Manager.”

He joins Gulf Bank from The National Commercial Bank in Saudi Arabia where, as Sector Head for Individual Banking, he was responsible for nearly 3,500 staff and more than USD 1.1 billion in revenues. Mr. Myers began his career with the First Seneca Bank in Pennsylvania in the United States and rose to the positions of Chairman and CEO of the Northeastern Bank of Pennsylvania and Senior Vice President and Manager, Community Banking, with the PNC Financial Services Group. He is a graduate of the Stonier Graduate School of Banking at Rutgers University and holds a Bachelor of Science in Business Administration from the Clarion University of Pennsylvania.

Mr. Myers will take over from Mrs. Sana Juma who has been the Acting Chief General Manager for Gulf Bank.  “I would like to take this opportunity to thank Sana Juma for stepping into this role and contributing so much to Gulf Bank’s success in recent months,” Mr. Alghanim said. “She has truly deserved the recent accolade of being named Best Executive in Europe, Middle East & Africa in the prestigious Stevie Awards for Women in Business. Sana Juma will continue to be an important member of the Bank’s senior executive team.

“With seven consecutive years of record profits, Gulf Bank is among the fastest growing and most dynamic banks in the region. With Lou Myers on board as our new Chief General Manager, I am confident that we can can build on our platform of growth and deliver even more for our customers and shareholders,” Mr. Alghanim concluded.

About Gulf Bank
Gulf Bank is Kuwait’s second largest and fastest growing commercial bank.  Established in 1960, Gulf Bank has since progressed to becoming an industry-leading financial services provider complemented by a large network of 38 branches strategically positioned in key locations in Kuwait for the banking convenience of customers.
Gulf Bank – awarded ‘Best Retail Bank in the Middle East’ in 2005 and 2006 by Banker Middle East – routinely surpasses its competition by focusing on one simple strategy: delivering superior customer satisfaction. Gulf Bank has consistently delivered strong financial results in a highly competitive market environment reflecting its well focused and effective business strategies.
The Bank continues to grow and evolve its leadership position within the Kuwait banking community as a result of its innovative Transformation and Actualization Strategies that have been the driving force behind its management, operations and remarkable success since 1999.
The main businesses of the bank are Retail Banking, Corporate Banking, Treasury, International Banking and Investment Management.



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