RIYADH — Standard Chartered Bank announced the appointment of Yazaid Al Salloom as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective Aug. 1.
Al Salloom joined Standard Chartered Bank in 2018 and brings a wealth of experience from his current role as head of financial institutions sales for MENAP & Turkey and previous roles in Debt Capital Markets at HSBC and Deutsche Bank.
Standard Chartered Bank was awarded the license to setup a banking branch in the Kingdom in 2019. Standard Chartered Bank Saudi Arabia will operate a single branch based in Riyadh that will provide banking services to the sovereign and government related entities, large corporates, financial institutions and multinational companies operating in the Kingdom.
“In his new role as CEO, Yazaid will oversee the launch of Standard Chartered Bank Saudi Arabia, and will lead the Bank’s expansion in the market, strengthen our client base, expand our products and services offering, and solidify our network as the Kingdom moves towards greater openness and global integration.
Standard Chartered Bank Saudi Arabia is licensed by Saudi Arabian Monetary Authority (SAMA) and will complement Standard Chartered Capital Saudi Arabia which has been operating in the Kingdom since 2011 under a Capital Markets Authority of Saudi Arabia license. — SG
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