Qatar First Bank Appoints new Chief Operating Officer

Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorised by the QFC Regulatory Authority (QFCRA), announced the appointment of Nayeem Khan as Chief Operating Officer.

Nayeem brings with him a wealth of experience gained over nearly 25 years in the Financial Services Industry. His experience includes Consumer, Corporate and Private Banking, primarily in the areas of Operations and Technology across different geographies. As the Chief Operating Officer at QFB, Nayeem will be responsible for overseeing operational planning and streamlining IT and administrative functions.

Commenting on the new appointment, Ahmad Meshari, Acting CEO of QFB, “We are pleased to have Nayeem on board as our Chief Operating Officer. Nayeem brings a wealth of experience and a depth of knowledge, particularly in client service operations, which will be critically important to QFB as we seek to expand our private banking and wealth offerings.”

Before joining QFB Nayeem was employed at Bank Julius Baer where he played an instrumental role in building up the Asian (Singapore, Hong Kong) franchise of the Bank. He also had a key role in integrating Merrill Lynch’s private wealth business with Julius Baer in Asia. Prior to leaving Julius Baer, Nayeem was Head of International Operations, managing Operations at six of the Bank’s eight Booking Centers globally.

Nayeem spent his early years with Citi’s Cards Buisness and has since worked for GE Capital Services, DBS Bank and Standard Chartered Bank.

Nayeem holds a Master’s in Business Administration from the University of Hull, a Bachelors in Arts (Public Administration & Political Science) and Post Graduate Diploma qualifications in Software Development, Hardware Maintenance and Networking.

QFB sponsors 2015 IIF Spring Membership Meeting

Qatar First Bank, the first independent Shari’ah compliant bank authorised by the QFC Regulatory Authority (QFCRA), has announced its supporting sponsorship of the 2015 IIF Spring Membership Meeting, that will be held today and tomorrow in Doha at the Ritz-Carlton, under the theme ‘Global Energy at a Turning Point’.

Addressing issues central to the global finance industry and the current developments in the oil markets, the meeting will be held under the patronage of H.E. Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of the State of Qatar and the support of the Qatar Central Bank.

In addition to providing insights on the global economy’s prospects and risks, the meeting sessions will closely examine India, China, MENA markets and Islamic finance, as well as emerging and frontier markets and infrastructure. The discussions will be coupled with the IIF reviews of the latest developments in financial regulatory reform.

Ahmed Meshari, Acting CEO, QFB commented, “We are pleased to join leading financial institutions in Qatar to support this global meeting which is being held in Doha for the first time. The IIF Meetings actively encourage dialogue and help to build constructive discussions on the opportunities and challenges facing the financial sector globally and we are looking forward to take part in these discussions”

Established in 1982, the IIF is a Washington DC based global association of leading financial institutions that includes amongst its members commercial and investment banks and insurance companies. The institute currently has over 500 members headquartered in more than 70 countries.

Qatar First Bank Receives IFN Deal of the Year Award

Qatar First Bank, Qatar’s first independent Shari’ah compliant bank authorised by the QFC Regulatory Authority received the Islamic Finance News (IFN) Qatar Deal of the Year award 2014.

Bringing together over 400 regional and global industry professionals from around the world, the prestigious annual Deals of the Year ceremony event was held at the Ritz Carlton Hotel –DIFC in Dubai. The gala ceremony celebrated achievement among top Islamic bankers, issuers, advisors and Islamic banking and finance institutions.

QFB acted as a Co- Arranger for Ezdan Holdings Group’s first tranche of its USD 500 mn debut syndication in April of last year. The transaction is considered the first fully Shari’ah compliant international syndication Ijarah for Qatari corporate in the real estate sector. The deal attracted a number of local and international banks and was led by Barwa Bank.

Commenting on this recognition Ahmad Meshari, Acting Chief Executive Officer of QFB said: “We are very proud to have received this distinguished award. The award is a testament to the combined efforts that has been put into this landmark transaction. QFB is pleased to have participated in this first of its kind transaction that met Ezdan Holdings objectives while demonstrating the ability of Islamic Banks in Qatar to handle complex Islamic financing structures.”

The Islamic Finance news Awards is well recognized in the Islamic financial industry. It is considered one of the highly credible awards by the global Islamic capital markets. Nearly 30 transactions were nominated for the 2014 IFN Deal of the year, winners were selected on the basis of comprehensive selection criteria including structure, location, and deal size amongst other.