BLME appoints Waleed Al-Omar as Director for the MENA Region

Press release
Published October 16th, 2011 - 08:12 GMT
Bank of London and The Middle East
Bank of London and The Middle East

Bank of London and The Middle East plc (BLME), London’s leading wholesale Sharia’acompliant bank whose main shareholders include Boubyan Bank and the Public Institution for Social Security, today announced the appointmentof Waleed Al-Omar to its senior management team as Director of the MENA region. In this new role, he will be responsible for BLME’S business development and relationship managementin the MENA region.

Humphrey Percy, CEO of BLME, said: “Waleed was instrumental in establishing BLME and we have worked closely with him since 2006 when we were developing the bank’s business plan. He brings with him over 20 years experiencein finance, IT and operations, as well as first hand management and boardroom experience in Islamic banks and investment funds.”

Waleed has held a number of senior roles, he was Non-Executive Director and Chairman of the Board Audit Committee of the Bahrain based First Investment Bank. Previously,he worked as an Executive Manager of Direct Investments at Boubyan Bank where he led investment origination, due diligence, negotiation and monitoring investments.Upon leaving Boubyan Bank, Waleed was Managing Partner of Frontier Advisors LLC, a company he co-founded in Kuwait in 2009. He isa Member of the General Partner Board of the Luxembourg based BLME Umbrella Fund S.A.R.L since 2008.

Waleed Al-Omar said: “This is an exciting opportunity;it was very compelling to be working closely with BLME and its talented and knowledgeable team. BLME has a very successful track record and has won several industry awards; I am looking forward to building on BLME’s ties and successes in the Middle East and continuing the development of BLME’s brand.”

Earlier on in his career, Waleed was COO of RekazSystems, a start-up focused on developing Oracle based software solutions for the Islamic finance industry, Operations Manager of Kuwait Computer Company (Hasibat) and also held several positions at IBM, from Systems Engineer to Client Manager.

Waleed holds a B.Sc. Electrical Engineering from University of The Pacific – California, and a Masters in Finance from London Business School, United Kingdom.

Background Information

Bank of London and The Middle East

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