DOHA: Abdulla Saleh Al Raisi (pictured) has been elevated as the new Chief Executive Officer of Commercial Bank of Qatar, while Andrew Stevens will continue as the Group CEO of the Bank who will be focusing on the Group’s international operations, a press statement said yesterday.
Al Raisi joined the bank in 1998 and worked in both the Retail and Corporate banking divisions before being appointed as Deputy CEO in March 2007.
Commercial Bank Chairman Abdullah bin Khalifa Al Attiyah said: “We are delighted to have appointed Al Raisi as the CEO of Commercial Bank. Myself and my fellow board members look forward to working with him as he directs and drives the Bank to new heights.”
Stevens to focus on driving the Bank’s international strategy as well as the management of the investments the Group has made in National Bank of Oman, United Arab Bank, and most recently Alternatifbank in Turkey, which received regulatory approvals from the Banking Regulation and Supe-rvision Agency and the Capital Markets Board of Turkey last month.
He will continue to report to the Board of Directors of Commercial Bank and will lead the further development and implementation of the alliance between the Group’s four banks, which aim to drive cross border revenue growth and identify cost synergies to enhance profitability.
“The appointment of Abdulla Al Raisi as CEO in Qatar and the step change we are making with our international strategy under Stevens’ leadership marks a new and exciting stage in the Banks development,” added Al Attiyah.
The Peninsula
