Local banker appointed Chairman of new Infrastructure Crisis Facility

Published October 8th, 2009 - 09:42 GMT

Bahrain based BMI Bank (BMI), the Bahrain associate of BankMuscat the largest financial services provider in Oman, today announced that its Chief Executive Officer has also been appointed Chairman of a new international fund which will focus on encouraging new and existing infrastructure projects in emerging markets. The Infrastructure Crisis Facility Debt Pool (ICF) has been set up by the International Finance Corporation and begins operations with immediate effect.

Andrew Bainbridge, a seasoned banker with over 20 years experience in developed and emerging markets, will continue his role as Chief Executive Officer of BMI Bank in addition to taking on the responsibility of Chairman at the ICF.

Speaking on his new role, Andrew Bainbridge, Chief Executive Officer of BMI said:

“I am delighted to have been given this unique opportunity to play a vital role in the continuing development of infrastructure projects within emerging markets that would have either been postponed or cancelled due to the private sector financing gap. This is an important initiative in these turbulent times and we have already begun reviewing projects that could benefit from the ICF’s support.  I would also like to take this opportunity to thank our shareholders at BMI Bank for their unconditional support for my additional new role in this positive initiative to help heal the effects of the global financial crisis.”

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