Azmeer appointed new CEO of Amana Bank

Tuesday, 29 April 2014 00:00 - - {{hitsCtrl.values.hits}}

Mohamed Thowfeek Mohamed Azmeer has been promoted as the Managing Director of Amana Bank Ltd., with effect from 1 June 2014. At present he is the Chief Operating Officer, a position held since August 2012. Azmeer succeeds Faizal Salieh whose retirement from the company was announced last month. Azmeer holds a Master’s Degree in Business Administration from the University of Leicester, UK, and counts 30 years of banking experience including Islamic banking.

Having begun his banking career at Commercial Bank of Ceylon, he ventured to the Middle East in 1989, where his first stint was in Abu Dhabi Commercial Bank. He subsequently joined Citi Bank, UAE where he held the post of Vice President - Risk. During his over 10 year long career at Citi Bank, he was in charge of overseeing the business banking and risk operations of Citi Bank’s UAE and Oman operations. During this time, he carried out assignments in UK, India, Kenya and Turkey. On the strategic direction of UAE, he was instrumental in launching Dubai Bank as part of the founder team, where he held the post of Credit Controller. Azmeer’s first exposure to Islamic banking was when he joined Al-Rajhi Bank, Saudi Arabia eight years ago, where he was responsible for re-engineering and developing its corporate business in the western region. He further expanded his career in Islamic banking by joining Sharjah Islamic Bank, UAE where he held the post of Executive Vice President. One of the highlights during his term at the bank was his involvement in aligning the bank’s credit architecture with business.