DIB an­nounces key ap­point­ments to sup­port growth

The Pak Banker - - Company& -

DUBAI: Dubai Is­lamic Bank (DIB) an­nounced on Wed­nes­day that it has made some strate­gic ap­point­ments to sup­port its growth and ex­pan­sion strat­egy. Un­der the new man­age­ment re­struc­ture, Dr. Ad­nan Chilwan has been ap­pointed Deputy CEO - Chief of Con­sumer and Whole­sale Bank­ing, while Mo­hammed Al Nahdi has been ap­pointed Deputy CEO - Chief Op­er­at­ing Of­fi­cer. Ad­dress­ing the needs of a con­stantly chang­ing en­vi­ron­ment, the bank recog­nises the sig­nif­i­cance and value of stream­lin­ing its op­er­a­tions. Hence, it has an­nounced the for­ma­tion of a Busi­ness Group and a Sup­port Group to en­sure the suc­cess­ful im­ple­men­ta­tion of its strat­egy through an ef­fec­tive or­ga­ni­za­tion struc­ture.

The Busi­ness Group - Con­sumer and Whole­sale Bank­ing - headed by Dr. Chilwan, will be re­spon­si­ble for all the busi­ness func­tions of the bank, i.e. Con­sumer Bank­ing, Cor­po­rate Bank­ing, Real Es­tate and Con­tract­ing and Trea­sury. The Sup­port Group, led by Al Nahdi, will be re­spon­si­ble for sup­port func­tions like Cen­tral Op­er­a­tions, In­for­ma­tion Technology, Le­gal, Com­pli­ance, Ad­min­is­tra­tion and Col­lec­tions.

"Dubai Is­lamic Bank is em­bark­ing upon a new phase of growth and ex­pan­sion, and our new struc­ture has been aligned to cap­i­talise on this busi­ness po­ten­tial," said Ab­dulla Al Hamli, Chief Ex­ec­u­tive Of­fi­cer, DIB. "Dubai Is­lamic Bank suc­cess­fully weath­ered the global eco­nomic cri­sis through its pru­dent ap­proach to fi­nanc­ing and pro­vi­sion­ing. He added, "I am con­fi­dent that the strength­ened man­age­ment team will en­able the bank to ef­fec­tively im­ple­ment its busi­ness strat­egy, while con­tin­u­ing to pro­vide cus­tomers with in­no­va­tive Sharia-com­pli­ant so­lu­tions that meet their evolv­ing needs." -PB News

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