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HomeBanking & FinanceAl Hilal Bank chief leaves

Al Hilal Bank chief leaves

|By TAP Staff| The chief executive of Al Hilal Bank Mohamed Jamil Berro has resigned citing personal reasons. Berro was withe the bank for the past  seven years. According to a bank statement, Sarie Asaad Arar has been appointed acting group chief executive.

Arar, with 25 years of banking experience, currently holds the position of chief business officer at Al Hilal Bank.

In January this year, Reuters reported Berro was leaving the bank due to personal reasons, but the news was later denied by the bank. He was previously the global head for Jordan-based Arab Bank’s personal banking group. Prior to that Berro held senior positions at National Bank of Kuwait and Credit Agricole in Egypt.

The sharia-compliant bank is owned  by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government.