Kuwait Finance House (KFH) celebrated the graduation of a cohort of its executive leaders after successfully completing Harvard Business School program. The program was tailored to support and develop leaders in the financial and banking sector under the title (Strategic Leadership in a Transforming World).
The executive program is part of (Kafa’a) initiative that was launched by the Central Bank of Kuwait (CBK) under the supervision of Kuwait Institute of Banking Studies (IBS) and in cooperation with local banks.
On this occasion, KFH Executive Manager Talent Management, Mohammed Al-Musalam stated that KFH is working constantly to develop and train its employees and its leaders according to the best standards adopted worldwide to ensure KFH’s leadership and excellence of its performance and achieve highest return on investment in training, as well as develop human assets as the basis of any success at KFH.
He hoped that the program would be an actual added value to all the leaders who passed it and contribute to improving their performance at all levels in terms of KFH’s aspirations and the ambitions of its customers.
Al-Musalam thanked the Central Bank of Kuwait and the Institute of Banking Studies for proposing and sponsoring the distinguished training program. He also expressed his sincere thanks to Harvard Business School which offers a substantial training material.
He added that KFH is witnessing a new phase paving the way for an unprecedented breakthrough in various markets, products, activities, and businesses which requires human capabilities that are skillful and experienced amidst a rapidly changing financial scene and comprehensive developments in the banking industry.
He went on to say that these changes require the focus on quality of performance and aligning business outputs with the implementation efforts of approved plans and strategies, in addition to positioning these plans and strategies for measurement, assessment and modification according to the updates and priorities of each working environment in terms of time, sector and geography. He pointed out that the Harvard Business School program is a key part of KFH's training policies.
He also stressed the need for the efforts of training and trainees and their results to strengthen KFH’s strategic focus on digitalization and leading the innovation in Fintech, in addition to benefiting from the markets in which the Bank operates as well as facing the challenges within the framework of thoughtful and optimal utilization of resources and capabilities to achieve the best indicators in terms of performance and profit rates and develop the system of services and products.
It is worth noting that the program examined two main aspects: Financial Markets Strategy and Leadership. Participants were introduced to the necessary tools and concepts of a successful leadership by highlighting the key role of leadership and management in formulating and executing leading financial and technical strategies to face challenges. The program also underlined what digital transformation requires in terms of different leadership and administrative skills and techniques to keep abreast of the rapid changes in the field.
The program is part of CBK’s initiative (Kafa’a) which it launched in collaboration with Kuwaiti banks and the Institute of Banking Studies. It contains up to 8 training programs, which vary according to fields and targeted segments and aim to build highly qualified national cadres and prepare them to be an important asset in the development of the banking and financial sectors in the State of Kuwait.