Manama, Bahrain - February 20, 2014, Manama, Bahrain - Arab Banking Corporation (ABC) announced the appointment of Ray Ferguson and Sael Al Waary as two new executive vice presidents.
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Mr. Ferguson will join the ABC Group from Standard Chartered Bank and will be appointed to the new position of Executive Vice President and Group Chief Banking Officer (GCBO), based in Bahrain.
In his new role, Mr. Ferguson will oversee ABC’s global banking business, which is represented by ABC’s five global businesses: Group Corporate and Structured Finance, Group Trade Finance, Group Treasury, Group Islamic Banking and Group Retail.
He will join ABC during Quarter 2, 2014, following completion of his notice period with his current employer.
Mr. Ferguson has had a 28 year career with Standard Chartered and is currently Executive Director and Chief Executive Officer of Standard Chartered Bank (Singapore) Limited and has led Standard Chartered Bank’s overall franchise in Singapore since 2009.
He brings significant general management experience, having held senior business leadership and regional/country Chief Executive Officer roles.
Amongst such roles, Mr. Ferguson had been Regional Chief Executive, South East Asia (2008-2012); Regional Chief Executive Officer, Americas (2006-2007), Chief Executive Officer, United Arab Emirates and Oman (2002-2006), Chief Executive Officer and Head of Corporate and Institutional Banking, Indonesia (2000-2002) and Chief Executive Officer and Head of Corporate and Institutional Banking, Taiwan (1998-2000).
Sael Al Waary, currently Senior Vice President and Group Chief Operating Officer of ABC, will be elevated to Executive Vice President, with an expanded role as Group Chief Operating Officer (GCOO). His appointment is with immediate effect.
Besides his current responsibilities for Group-wide operations, Mr. Al Waary will take on additional responsibilities for overseeing all Group Human Resources, Regulatory, Compliance, Legal Affairs, Expenses Management, and Operational and Administrative functions in all geographical locations where the ABC Group is present.
Mr. Al Waary, who joined the ABC Group in 1981, brings with him more than 33 years of banking, leadership and management experience. He has held many senior positions in both London and Bahrain and was appointed as GCOO in 2006. ■