Shamil Bank appoints Krishnan Hariharan

December 27, 2008 11:14 am

In his new role, Hariharan will report directly to Shamil Bank Chief Executive Faisal Alalwan.

Hariharan comes to Shamil Bank with more than 24 years of experience in the banking and finance industry in the sub-continent and the GCC regions. A risk management specialist, he has established risk concepts in various renowned financial institutions in India, Bahrain and the Sultanate of Oman.

Prior to his recent appointment Hariharan headed the Market Risk and Basel II Implementation division at National Bank of Oman, where he prepared policies and procedures for management of Market, Credit and Operations Risk.

During his time at National Bank of Oman Hariharan made significant contributions to the improvement of the ALCO and Risk Committee of the Board along with developing comprehensive MIS and Standard Operating Procedures for monitoring the Treasury and Investment activities of the bank.

Hariharan had also worked for Eskan Bank, a bank that is 100% owned by the Government of Bahrain, where he served as Head of Risk Management reporting directly to the CEO, for two years. Prior to that, he was Risk Manager at Bank Dhofar, Oman. Hariharan has a Master’s in Financial Management from Mumbai University, India and is a Certified Associate Indian Institute of Bankers (CAIIB) qualification holder.

“With his high level of expertise in the field of risk management and implementation of risk management systems, Krishnan will be a valued asset to Shamil Bank. He will strengthen our risk management division, which plays a vital role in safeguarding our investors’ interests and managing our exposure in the markets,”

said Alalwan

As part of the Ithmaar banking group, one of the most diversified financial services group operating globally from the Middle East, Shamil Bank is poised to enter new markets and advance its diverse portfolio of innovative products.

“Shamil Bank is at the forefront of Bahrain’s Islamic banking industry and I look forward to my new role in the bank’s risk management division, which is certain to be a rewarding and challenging experience,”

said Hariharan.