International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Arab Banking Corp appoints new CEO for London unit
Bahrain's Arab Banking Corporation said on Sunday it has appointed William Playle as chief executive officer of its London unit, ABC International Bank.
January 8, 2012 10:38 by Reuters
Playle, who has been with the bank since May 2002 and was formerly deputy CEO, replaces Nofal Barbar effective Jan 4, the bank said in a statement on the Bahrainbourse website.
The bank also appointed Paul Jennings and Alexander Ashton as joint deputy CEOs of ABCIB.
Last month, ABC appointed Saddek Omar Elkaber, the governor of the Central Bank of Libya, as its chairman.
ABC, founded in 1980 and listed on the Bahrain Bourse, has the Central Bank of Libyaand Kuwait Investment Authority as its major shareholders. (Reporting by Mirna Sleiman; Editing by David French)