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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

Malcolm Brookes, Interim Chairman

Mr Malcolm Brookes was appointed to the Board in September 2014 and is the Interim Chairman. He was previously chairman of the Audit 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.

Adel Mohammed Tayyeb Mustafawi, Non-Executive Director

Mr Adel Mohamed Tayeb Mustafawi is a Non-executive Director and was appointed to the Board in April 2011.  He is a member of the Board Risk Committee and Remuneration & Nomination Committee.  Mr Mustafawi is a Qatari national and has been Group CEO of MAR since inception.  In addition to this role, he is Vice Chairman of Qatar Sports Investment and Vice Chairman of Paris Saint Germain.  He has over thirty years of experience in Banking, Investment and Capital Markets.  He is a graduate of the University of Arizona, USA, majoring in Finance.

Ahmed Swaleh Abdisheikh, Non-Executive Director 

Mr Ahmed Swaleh Abdisheikh is Non-executive Director.  He previously served as Executive Director (People & Technology) and interim CEO. He was appointed to the Board in January 2014 and is a member of the Board Risk Committee, Audit Committee and was the Chairman of the Remuneration & Nomination Committee.

Ahmed is also the Chief Operating Officer of MAR, a position he has held since 2012. He is also a South African qualified chartered accountant and a Kenyan citizen.

Kathryn Kerle, Independent Non-Executive Director 

Kathryn is a Non-executive Director of Al Rayan Bank as well as the Chair of the Risk, Audit and Evaluation Committee of the Microbiology Society. She is also Advisor, Board of Directors, Urgentum. She is a member of the Steering Committee, London Chapter, Professional Risk Managers’ Association.

Kathryn has more than 35 years’ experience in the financial sector, most recently at RBS, where she led a team responsible for reviewing customer complaints in relation to a strategic remediation project. Previously, she was Head of Enterprise Risk Reporting for the bank. She joined RBS from Moody’s Investors Service, where she held a number of analytical and managerial roles in the UK, the US and Singapore. Earlier in her career, Kathryn founded and managed The Paradigm Alliance, a consulting firm based in Sydney, Australia. She began her career in finance at The Chase Manhattan Bank. Kathryn served as a Peace Corps Volunteer in Fez, Morocco. Kathryn holds a BA from Bryn Mawr College and an MA from Georgetown University.

Caroline Bradley, Independent Non-Executive Director 

Caroline joined the board in January 2021 and is chair of the Audit 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.

Peter Horton, CEO & Director

Peter Horton was appointed as CEO of Al Rayan Bank in April 2020.  He has many years of senior leadership experience from the global banking sector, most recently from Commonwealth Trade Bank, formerly known as Diamond Bank (UK), where he served as CEO from 2016.  He also served as CEO of Bermuda Commercial Bank between 2013 and 2016 and Bank of Maldives from 2011 to 2013.
Prior to this, he worked in number of senior management roles with Barclays, in the UK and Africa, over a 20-year period.

Management team

  • Peter Horton, Chief Executive Officer
  • Maisam Fazal, Chief Commercial Officer
  • Imran Pasha, Chief Operating Officer
  • Amir Firdaus, Chief Financial Officer
  • Jerold Williamson, Chief Risk Officer

More information on Al Rayan Bank

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