Bank Nizwa appoints new GM of Wholesale Banking

Adding to its roaster of highly qualified senior management team,Bank Nizwa announced the appointment of industry veteran R. Narasimhan as its new General Manager of Wholesale Banking. Bringing three and half decades of experience in commercial banking to his new post, Narasimhan will be in charge of Wholesale Banking that encompasses business divisions of Corporate Banking, Investments, Project Finance, Treasury, International Banking and SME Businesses.

Prior to joining Bank Nizwa, Narasimhan spent years working in executive roles for some of the largest and most recognized financial institutions in Asia. After beginning his career as a direct recruit officer in a public sector bank in India in 1979, Narasimhan later joined IDBI Bank as Vice president in 1996. He was recognized for his contributions and was promoted to the post of Senior Vice President and Head of Corporate Banking. Narasimhan also built a strong reputation in the Sultanate at Bank Sohar serving initially as Deputy General Manager, Wholesale Banking and later as the General Manager and Head of Retail Banking. He played an instrumental role in establishing the Wholesale Banking division in that bank.

Mr. Khalid Al Kayed, Acting CEO of Bank Nizwa said, “We are delighted to welcome Narasimhan to Bank Nizwa. His strong background and long-list of achievements in a range of diverse roles make him a perfect complement to our team. With this appointment, we now have even greater depth and will be able to more effectively evaluate strategic opportunities for growth and cater to a wider range of large corporate organizations.”

Throughout his career, Narasimhan has earned a number of accolades recognizing the depth of his knowledge and success in banking. Amongst his achievements and while serving in IDBI’s as pan India in charge of corporate banking business, he ensured excellent growth across business segments and markets. As Bank Nizwa continues its rapid growth across all divisions, the addition of Narasimhan and his expertise will allow the Bank to focus on strategy, client servicing, day-to-day management and the execution of its business development goals.