KUALA LUMPUR, 10 June 2007: Prominent Dubai-based banker, Ahmed Saeed Bin Brek, has been appointed Independent Non-Executive Director of Bank Islam, effective 8 June 2007.
An accountant by training, he brings to the Board over 25 years of experience in banking and financial services in the United Arab Emirates (UAE) and gulf region. His appointment is in line with the Bank’s strategy to bring in relevant expertise at the Board and senior management levels, to help accelerate the Bank’s transformation. He is the fourth foreign member of the current 11 member Board.
Ahmed Saeed is currently Chief Executive Officer (“CEO”) of MAF Ventures LLC. Previously, he was CEO of Citibank N.A., UAE and Oman from 1990 to 2002. In 2002, he was seconded to Dubai Bank, which was successfully launched in four months. The bank’s launch set a benchmark for delivery cycles along with innovation in products and services.
Ahmed Saeed is a reputed turnaround specialist; as demonstrated when he turned Citibank around from a loss of AED1 million to a profit of AED150 million in 1990. He is also credited for establishing a diversified Commercial and Retail segment for Citibank and transforming Citibank, UAE into a premier institution.
He has also chalked up many firsts in a variety of areas including credit cards and winning the Dubai Quality Awards.
Ahmed Saeed, who graduated from the UK in 1975, was a Senior Auditor for Ernst & Young prior to joining Citibank N.A. in 1981.
He is also on the Board of the following organizations: • Member of the Dubai Economic Council • Chairman of MAF Dalkia (M.E.) LLC • Chairman of MAF Securicor LLC • Chairman of MAF Greater Union LLC • Vice Chairman of The Wave Muscat • Vice Chairman of Yankit Development • Director of Oman Property Services