IIB appoints new CEO

Bahrain-based International Investment Bank (IIB) has appointed Subhi F. Benkhadra as its new CEO.
Benkhadra, previously the CEO of Abu Dhabi-based Baniyas Investment & Development Company, replaces acting CEO Fareed Bader, who continues in the role of executive committee member at the bank.
Benkhadra is described as an experienced financial leader with a wealth of experience in traditional and Islamic investment banking in the UK and the Middle East.
“Specialized in developing investment and product strategies focusing on Islamic countries, corporate governance and compliance and asset management activities in the Arab world, Benkhadra has a deep knowledge of the financial industry and has successful leadership experience across a wide range of investment banking products and services,” the bank stated.
IIB Chairman Saeed Abdul Jalil Al-Fahim commented: “We are delighted to welcome Benkhadra to lead the further development of IIB. We are positive that his experience and clear vision for the future will strengthen the bank’s position in the regional financial markets.”
Bader said: “Benkhadra is the ideal person to advance the growth plans of IIB and we are very pleased to have him onboard.”
Benkhadra graduated from the University of Bath in 1987 with a BSc in environmental engineering and holds a MBA in finance from City University Business School. He is also a former member of the board of directors of the Arab Bankers’ Association in London.