KIB appoints Othman Tawfiqi as GM of Retail Banking

KUWAIT: KIB recently appointed Othman Tawfiqi as the General Manager of the Retail Banking Department (RBD) at the Bank, after obtaining approvals from the Central Bank of Kuwait (CBK). In his new role, Tawfiqi will be responsible for developing the RBD and monitoring the implementation of its new business strategies.

With a wide breadth of experience in the finance and banking industry, Tawfiqi has served in a number of senior positions at banks in Kuwait. Previously, he held the position of Assistant General Manager of Retail Banking and was also the Head of Product and Business Development and Head of Delivery Channels at Al-Ahli Bank of Kuwait (ABK). He also served as a board member and Vice Chairman of KNET in Kuwait.

KIB lauded Tawfiqi’s vast expertise and skills and

pointed out that his appointment as the General Manager of RBD reflects its strong focus on attracting promising, local talents, as well as appointing them in positions that are in line with their skills and expertise; thereby enabling the Bank to achieve its ambitious goals aimed at strengthening its position in the banking and finance sector both locally and internationally.

In order to maintain its leading position, KIB aims at attracting and hiring talents who add exceptional value to the team and the Bank overall. Accordingly, Tawfiqi will join a high-caliber team of leaders with extensive expertise, enabling the Bank to cement its position as a leading financial institution.

Tawfiqi holds a bachelor’s degree in marketing from Kuwait University in 2004. Additionally, he has also completed the executive education program for strategy and leadership at Harvard Business School.