Ajman Bank appoints new Chief Risk Officer

Press release

Published September 19th, 2011 - 12:16 GMT

Al Bawaba

Ajman Bank, an award-winning financial services institution committed to transforming the experience of Islamic banking, recently announced the appointment of Talal Soubra as its new Chief Risk Officer (CRO).

Mr. Soubra brings to the role 26 years’ experience in the banking industry, gained with leading local and international banks in the UAE and Saudi Arabia. As Chief Risk Officer, he will manage the bank’s credit and operational risk functions, ensure the bank’s practices are in accordance with all applicable laws, and assist the Board of Directors in fulfilling the oversight responsibilities.

Mubashar Khokhar, CEO Ajman Bank, said: “Ajman Bank has put effective risk controls at the centre of all its business practices. Talal’s years of experience and breadth of knowledge will ensure we remain at the forefront of global risk management best practice, creating value for both customers and shareholders.”

Soubra said: “I’m delighted to be joining Ajman Bank, one of the fastest growing financial institutions in the UAE. As the bank continues to expand, I look forward to working with the team to maintain the bank’s strong culture of compliance and good governance.”

Background Information

Ajman Bank

Ajman Bank is a young, agile Islamic commercial bank that provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate’s economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.