Bahraini retail and commercial banking institution, BMI Bank (BMI), today announced the promotion of Bahraini Fathi Ebrahim to the position of Head of Wholesale Banking. Fathi, who was earlier responsible to manage the Bank’s Islamic Financial Services (IFS) division, will look to build the Wholesale Banking business locally as well as in countries where the Bank has a presence either directly or through its associate.

Announcing the promotion Jamal Al-Hazeem, Chief Executive Officer of BMI said:

“Wholesale banking has always been one of the key corner stones of business at BMI and accounts for a major part of our Bank’s assets and liabilities whilst substantially contributing to the bottom line. Additionally, it is an integral source of business for our Global Trade Services (GTS) and Treasury divisions. The promotion of Fathi to this position, reflects our commitment towards strengthening our Wholesale banking proposition as well providing our customers with highly experienced professionals to offer them strategic financial advice and support.”

A veteran banker with close to 30 years experience, Fathi joined the bank in 1999. Fathi was instrumental in implementing the Bank’s Corporate banking strategy by developing a large high net-worth client base, which included reputed corporates and governments covering Bahrain and the GCC plus structuring close to 30 major corporate transactions for Omani, Saudi, Qatari and Kuwaiti clients. Fathi’s experience spans across a number of top rated banks including Ahli United Bank, Standard Chartered Bank, Swiss Bank Corporation and American Express Bank (OBU).