Al Rayan Bank appoints Chief Human Resources Officer

09 January 2020

Al Rayan Bank has confirmed the appointment of Daniel Denningberg as Chief Human Resources Officer (CHRO). In the new role, Daniel will report directly into the executive board and will be based at Al Rayan Bank’s head office in Birmingham.

Daniel joins Al Rayan Bank, the UK’s largest Islamic bank, after an international career focused in the finance and energy sectors spanning over fifteen years. Most recently he served as Director of People at a global energy commodities consultancy, Energy Aspects, specialising in oil, gas and renewable energies, working with teams stationed all over the world.

Daniel has spent his recent years working with executive leadership teams in the financial and private sector, developing and implementing comprehensive strategic people plans to meet business goals.

In his new role, Daniel will draw on his experience to oversee all aspects of human resources for the Bank. As part of the Executive team, Daniel will also be responsible for driving the organisation’s new ethical targets, including employee diversity and climate action.

Commenting on his appointment, Daniel said: "It is a really exciting time to join Al Rayan Bank and I’m eager to start work on the plans for the future.

"I’m looking forward to putting my experience into practice and will be working closely with all business areas, offices and branches across the country, focusing on talent and culture, to ensure we have the people and polices in place to best serve the needs of our growing customer base."

Commenting on Daniel’s appointment, Ahmed Sheikh, CEO at Al Rayan Bank said: "Daniel's experience of providing clarity of thought, counsel and leadership will be invaluable to Al Rayan Bank as we head into an important year. His record in collaborating with executives on all aspects of human resources, from talent and leadership development to diversity and inclusion and employee engagement, will help us develop further in the next year. We’re looking forward to working with him closely at the Bank."

Founded in 2004 as the first Islamic retail bank in Europe, Al Rayan Bank currently serves more than 85,000 customers and has grown has a current asset book in excess of £2bn.
A recent independent study into the economic impact of Al Rayan Bank found that it delivered £389million to the UK economy in 2018.

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA.

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