Bank ABC appoints new Group Chief Credit and Risk Officer
Bank ABC has recently appointed Grant Lowen as Group Chief Credit and Risk Officer based at its head office in Bahrain. Lowen joins Bank ABC from QNB in Qatar, where he served as Group Chief Risk Officer (GCCRO) since 2012. He has extensive experience in the banking industry and worked internationally in several countries around the world over the past 30 years. Lowen also brings with him extensive expertise in areas such as risk appetite, ICAAP, IFRS9 and other topics on the contemporary regulatory agenda of financial institutions. The outgoing Acting GCCRO, Paul Howard, will be relocating from Bahrain in line with his original plans. The Bank takes this opportunity to express gratitude for his excellent contributions and wishes him well for the future.
Bank ABC Group CEO, Khaled Kawan, said: “I am pleased with the new appointment, which builds on the Bank’s recent efforts aimed at strengthening its risk infrastructure to support business growth”. “Mr Lowen’s appointment will help the management team continue implementing its strategy of transformation and growth while maintaining excellent risk management parameters. It will augur well, as the bank expands its international footprint across 18 countries where it operates to foray into Dubai and Singapore as well as boosting relationship to better serve our clients globally,” he said.
Bank ABC is a leading international wholesale bank operating from presences across MENA, Europe, Asia, USA and Brazil and provides innovative wholesale financial products and services that include corporate banking, trade finance, project and structured finance, debt capital markets, syndications, treasury products and Islamic banking. It also provides retail banking services through its network of retail banks in Jordan, Egypt, Tunisia and Algeria.