People: Kuwait Finance hires six execs; EFG to get former exec as business head

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Kuwait Finance House (Malaysia) Bhd has appointed six new executives with an aim to become a formidable Islamic banking player, while Swiss private banking firm EFG looks to appoint former executive Kees Stoute as business head for the bank in North Asia.

Kuwait Finance House Malaysia adds six new executives

Kuwait Finance House (Malaysia) Bhd has appointed six new executives in a bid to revitalise the bank’s effort to become a formidable Islamic banking player in Malaysia.

In an announcement this week, the Kuwait-based Islamic bank‘s Malaysia arm said that the new line-up reflects the significant support of the parent company, Kuwait Finance House KSC in Kuwait to the growth of the Bank in Malaysia.

Momtaz M Saif has been appointed the Chief Strategy, PMO and Communications Officer while Julio Francis Lobo will be the Chief Retail Banking Officer and join KFH Malaysia. He has an extensive retail banking background of over 27 years.

Khalid Jaafar is the new Chief Credit Officer, Mark Peile, a CIMA-qualified Senior Financial Services Executive and the new Director, Business Process Reengineering & Innovation, Liu Shoua Fan joins KFH Malaysia with more than 35 years of global experience in the international banking industry.

Dilip D.S is a senior banking and financial services professional and the new Director of Sales & Distribution for KFH Malaysia.

The bank had also appointed new CEO David Power last year.

Former EFG Singapore exec Kees Stoute to rejoin

Swiss private banking firm EFG is expected to appoint a former executive Kees Stoute at EFG Singapore as business head for the bank in North Asia.

He worked with EFG Bank as the Managing Director from 2007 to 2012.

According to a report in finews on Wednesday, Stoute’s appointment is subject to work permit and regulatory approval. It added that Stoute will report directly to Albert Chiu, the Asia Pacific CEO.

Stoute is currently the Managing Director at Hubbis, according to his profile on LinkedIn. He joined Hubbis in 2015.

Also Read:

Kuwait Finance House may exit Malaysia, focus on Turkey: Report

Malaysian Islamic banks launch investment account platform

DBS to ‘progressively wind down’ Islamic banking unit

Dubai Islamic Bank raises stake to 40% in Indonesia’s Bank Panin Syariah

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