NBB CEO Jean-Christophe Durand retires; Usman Ahmed new Group CEO

TDT | Manama             

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain has announced the retirement of Jean-Christophe Durand from his current position as Chief Executive Officer, effective 31st December 2022 and welcomed Usman Ahmed as its Group Chief Executive Officer, effective 1st January 2023.

NBB Chairman, Farouk Yousuf Al Moayyed, said: “We would like to extend our sincere gratitude and appreciation to Durand for his instrumental contributions to the bank and for his role in cementing NBB’s position as a leading responsible banking group in the Kingdom.”

“Upon joining as CEO in December 2016, Durand has prioritised strategic leadership to ensure effective financial management and business expansion, steering NBB’s transformation into a digitally-driven entity aligned with global digitalisation agendas.

“He has also successfully guided the bank on its recognised sustainability journey while strengthening NBB’s role as a value-adding partner to the Kingdom. The bank wishes him a happy, well-earned retirement and the best of luck on this upcoming stage.”

“We would also like to welcome Ahmed in his Group CEO role and express our utmost confidence in his abilities to take up the reins of our national institution and to continue steering it towards the highest levels of success in the industry,” he added.

Ahmed joined the bank with over 27 years of diverse international banking experience in emerging markets across the EMEA and Asia Pacific regions. Before his most recently held position at Citibank, Ahmed has held various senior leadership roles over the past 14 years, serving in multiple capacities as CEO, Managing Director and Board Member.

Ahmed has also previously served as a Director on various Boards, including the Asian Institute of Chartered Bankers, the Bahrain Institute of Banking and Finance, the American Chambers of Commerce in Malaysia and Bahrain, the Association of Banks in Malaysia, the Bahrain International School Association, Injaz Bahrain and the Financial Industries Collective outreach Malaysia.