Kuwait Finance House (KFH) has announced that the newly appointed Chief Executive Officer (CEO) at KFH, Mazin Saad Al-Nahedh will officially commence his duties as of October 1st 2014 after having obtained the required regulatory approvals.
The appointment comes in seeking highly qualified top management professionals who meet the criteria of the current stage, and the regional and global economic developments. This is in addition to implementing KFH’s Board of Directors’ directives and strategies towards improving business models to bolster KFH’s ability to compete in light of the increasing demand for sharia-compliant products and services, while paving the way for a younger generation of talented Kuwaiti professionals to hold leading positions at KFH.
Mazin Al-Nahedh enjoys over 21 years of extensive, diversified banking experience. It’s worth noting that Al-Nahedh is a graduate of Business Administration (Finance) from the University of California USA. He completed the General Management Program, and several specialized training courses from Harvard University, in addition to his numerous certifications. He excelled in many banking functions related to wholesale banking, finance, retail banking, treasury, and he was successful in managing the assets and liabilities of financial institutions within regulatory and administrative requirements.
Furthermore, Al-Nahedh has vast experience in analyzing and observing market movement, capitals, currencies, not to mention monetary policy developments and implications.
Before holding his position at KFH, Al-Nahedh served as Group General Manager - Treasury, General Manager - Corporate Banking Group, and Retail Banking General Manager at the National Bank of Kuwait (NBK). Al-Nahedh is recognized for his ability and skills to motivate and lead work teams to assume responsibility and fulfil tasks within the powers granted.
The current stage is considered to be one of the most significant stages at KFH and the most vibrant in terms of enhancing KFH’s internal capabilities and focusing on core business. This is of course in addition to supporting structural reforms, controlling costs, implementing the latest technologies, investing in human resources, retaining clients, and applying highest standards of corporate governance.
While KFH witnesses qualitative and quantitative growth and expansion of its activities and businesses overseas, efforts are exerted to reinforce cooperation and coordination among the group banks in Turkey, Malaysia, Bahrain, and the KSA, to post sustainable profits, boost competitiveness and exchange experiences and ideas that can be translated into success in the operations at the group level in the local and international markets.