Mr. Farouk Almoayyed, Chairman of the Board of Directors of the National Bank of Bahrain, announced that the Board of Directors of NBB has accepted Mr. Abdul Razak A. Hassan Al Qassim’s, Chief Executive Officer & Director, request for retirement from the position of the Chief Executive. In order to ensure a smooth transition and an effective hand over process, Mr. Abdul Razak Al Qassim will continue his employment with the Bank in the role of an Advisor to the newly appointed Chief Executive Officer, up to the end of December 2016.
The Board profusely thanked Mr. Abdul Razak for his exemplary stewardship of the National Bank of Bahrain and the contribution he has made over the years to make NBB, a premier financial institution in the region. The Board highlighted the expertise and dexterity with which Mr. Abdul Razak Al Qassim managed the Bank during the extremely challenging environment since 2008. The Board wished him all the very best in his future endeavours.
The Board of Directors of NBB appointed Mr. Jean- Christophe Durand as the new CEO of the National Bank of Bahrain effective 1st December, 2016. Mr. Durand is a Bahraini national graduated from ESSEC (Ecole Superieure des Sciences Economiques et Commerciales), French Business School in Paris and has over 36 years of Banking & Finance experience. Mr. Durand was the Global Head of the BNP MEA (Middle East & Africa) region for Corporate and Institutional Banking for over 5 years before taking up his last assignment as Advisor to the CEO of Mumtalakat. Mr. Durand has spent a significant number of years in Bahrain working with BNP to grow their business locally and regionally and is credited with establishing BNP as one of the key financial institution in the region.
Mr. Jean-Christophe Durand has been on the Board of several key committees and is also a recipient of the “Legion d’Honneur (Grade of Officer)” from the Government of France.