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Al Rayan Bank Board of Directors

Al Rayan Bank PLC is a subsidiary of Al Rayan UK Limited, a majority owned subsidiary of Masraf Al Rayan Q.P.S.C, one of Qatar’s largest and most well established banks.

The Bank’s Board of Directors has delegated responsibility for day-to-day management to the executive team, led by the Chief Executive Officer.

Board of Directors

Michael Williams, Independent Non-Executive Chairman

Michael Williams joined Al Rayan Bank in July 2021 as Chair of the Governing Board.  He is a qualified banker with an extensive background in international finance.  He has held a number of senior executive and board level positions in the UK and in the Middle East.  Prior to joining the Al Rayan Bank, he was Deputy Chairman and Senior Independent Director of BLME where he was a Board member since 2012 and for a period in 2015 and 2016 Interim Chief Executive Officer.  He was previously Chairman of Financial Advice Network and Deputy Chairman of Shepherds Friendly Society.  His executive roles include Chief Executive Officer of the International Bank of Qatar in Doha before which he was Chief Executive Officer of the National Bank of Fujairah based in Dubai.  He has held several senior banking positions in the UK having been the Managing Director of Nomura Bank International Plc for 6 years following a successful 25 year career with the Barclays Bank Group holding a number of senior positions including Managing Director of Barclays Global Services and Corporate Banking Director.

Malcolm Brookes, Senior Independent Director

Malcolm Brookes was appointed to the Board in September 2014 and is Senior Independent Director.  He is chairman of the Remuneration & Nomination Committee and member of the Audit Committee and Board Risk Committee.

Malcolm has spent the vast majority of his career with HSBC Group.  His 37 years with the Group began at Forward Trust Limited, latterly HSBC Asset Finance (UK) Ltd, in Birmingham, UK.  Malcolm held a number of senior positions before the business was integrated into HSBC in 2001 at which point he was appointed CFO to the UK Commercial Bank.  Before retiring from HSBC, he performed due diligence exercise in South Africa and Mexico and was instrumental in setting up the UK based Business Growth Fund.  Today Malcolm runs an accounting practice based in north Worcestershire.

Fahad Al Khalifa, Non-Executive Director 

Fahad Al Khalifa joined the Board in December 2021.  He is a senior banker with over 25 years of experience in leadership roles in financial services.  He joined Al Khalij Commercial Bank (al khaliji) as Group Chief Executive Officer (GCEO) in late 2014. 

Fahad was appointed to the role of GCEO Masraf Al Rayan, following the merger with al khaliji, in 2021.

Throughout his career, he has held prominent positions in Qatar’s leading financial institutions to include Qatar Central Bank and Qatar National Bank (QNB).

Prior to taking up his role as GCEO at al khaliji, Fahad held the position of Group Treasurer QNB for more than eight years and thereafter GM Group Corporate Banking and Financial Institutions.

Fahad has a Bachelor of Science degree in Finance from Seattle University, USA.

Caroline Bradley, Independent Non-Executive Director 

Caroline Bradley joined the board in January 2021 and is chair of the Audit Committee and member of the Board Risk Committee.  She is a Chartered Management Accountant and also Non-Executive Director at the Loughborough Building Society.

She has 20 years Executive Director experience at TD Direct Investing (online stockbroker and bank) and Tenet Group (independent investment and mortgage advice support group) and brings in depth Finance, Risk and Regulatory experience. She also brings experience in significant digital projects.

Steven Hicks, Independent Non-Executive Director 

Steven Hicks joined the Bank in August 2021 and was appointed to the Board in September 2021 as non-executive director.  He is chairman of the Board Risk Committee and a member of the Audit Committee and Remuneration & Nomination Committee. 

He has more than 40 years’ experience in Financial Services and has extensive governance, risk management and compliance experience.  He worked for 28 years at Barclays, including roles leading commercial banking in London and Premier banking nationally, was executive director with responsibility for risk at Arbuthnot Latham & Co Limited and CEO at a home finance start-up, Gentoo Genie Limited where he is now the Chairman.  He is also currently a non-executive director and Chair of Board Risk Committee at State Bank of India UK Limited and non-executive chairman at Orchard Funding Group PLC.

Giles Cunningham, CEO and Director

Giles Cunningham was appointed to the Board in September 2021 and is Chief Executive Officer and Director. 

Giles spent 17 years with Lloyds Banking Group, in various roles including International Transformation Director, Managing Director - International Retail Banking & Strategy, CEO Middle East, Strategy Director Lloyds TSB General Insurance and Finance Director Brazil. Giles left Lloyds Bank to join The Zubair Corporation in Oman as Group CEO, a 10,000-employee conglomerate operating multiple businesses across the Middle East and Asia. Since 2012 Giles has specialised in Islamic Banking, as CEO International at Qatar Islamic Bank in Doha and most recently Group CEO at London based Bank of London and The Middle East. Giles holds an MBA and is a Harvard Business School alumnus.

    The Committees

    The Board of Directors has established three permanent committees that deal with significant aspects of the Bank’s affairs. These are the Audit Committee, Board Risk Committee and Remuneration & Nomination Committee.  See terms of reference below.

    Executive Committee

    • Giles Cunningham, Chief Executive Officer and Director
    • Saalim Mahmood, Chief Financial Officer
    • Maisam Fazal, Chief Commercial Officer
    • Imran Pasha, Chief Operating Officer
    • Philip Trevett, Chief Risk Officer*

    * Subject to regulator approval

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