Kuwait Finance House (KFH) has announced the appointment of Mohammad Nasser Al-Fouzan as the Chairman of the Board of Directors of Kuwait finance House-Malaysia (KFH-Malaysia), effective November 26th 2014. Al-Fouzan appointment is to oversee and develop activities of the bank in line with KFH strategy that eyes Asia and the Pacific Ocean in implementing KFH-Malaysia expansion plan.
Al-Fouzan enjoys over 28- year experience in the banking industry. He held several leadership posts at KFH, of which was the Chief Retail Banking Officer at KFH. He was Assistant General Manager of the banking Sector from 2004 to 2012, and the Deputy Assistant General Manager of the Banking Sector in 1996 to 2004. He was the Chairman of the Board of K-Net 2005–2008, and the Chairman of the Board of International Turnkey Systems (ITS) 2008–2012, as well as a Board Member of Muthana Investment Company in 2012.
Al-Fouzan holds a Bachelor's Degree in Business Administration from Kuwait University and a Diploma in Advanced Banking from Arab Institute of Banking. He completed the Executive Development Program at Wharton Business School, USA, and the Strategic Marketing Management at Harvard Business School, USA.
It's worth noting that KFH-Malaysia has been the first foreign bank authorized to operate in Malaysia and provide sharia-compliant financial solutions to the markets of Malaysia and the adjacent countries where Islamic financial transactions witness high demand and huge turnout.
Meanwhile, the Board of KFH-Malaysia agreed to accept the Chief executive officer of the bank, Abdulhamid Hafiz request of resignation. The Board expressed their appreciation and thanks to Hafiz for his contributions to the bank since March 21st 2013 and whishes him prosperous future. The Board has appointed Mohamad Aslam Khan Gulam Hassan, who is currently the Chief Recovery Officer, as the Acting CEO, with effect from November 27th 2014.