Al Rayan Bank appoints Head of Premier/Private Banking

29 March 2016

Al Rayan Bank PLC has announced that Ahmed Rawaf has joined the Bank as Head of Premier/Private Banking. He joins from Credit Suisse where he specialised in private banking and wealth management, initially based at the multinational bank’s headquarters in Zurich and latterly in London.

Mr Rawaf is based in Al Rayan Bank’s flagship Knightsbridge branch, the hub from where the Bank provides exclusive Private and Premier banking services, including real estate finance, day-to-day banking facilities and other specialised services tailored to the needs of its client base. In this newly-created position, Ahmed will use his expertise in private banking to further strengthen and expand Al Rayan Bank’s offering to High Net Worth clients from Qatar and the wider Gulf Co-operation Council (GCC) region, the United Kingdom and beyond.

A graduate from Brunel University, Ahmed Rawaf holds an MBA from London Business School and an MSc in Management from the University of Bath. Commenting upon his appointment, he said, “The Al Rayan Bank brand has become synonymous with aspiration, innovation and stability, and I am excited by the opportunity to help develop it as a marque of excellence in the Premier/Private Bank sector. My role presents me with a great opportunity: to build a robust private banking business which offers a personalised client-centred approach that is both accessible and responsive. As a rapidly growing, agile organisation, Al Rayan Bank is free from the ‘red tape’ often associated with larger companies; it’s therefore able to provide a swift and flexible service to its clients.

There are many elements working in Al Rayan Bank’s favour. My new colleagues are banking professionals with a fantastic work ethos, putting clients at the centre of everything they do; we have an unrivalled location in Knightsbridge; and, thanks to the outstanding reputation of our parent bank; Masraf Al Rayan, we are a well-recognised and trusted brand for tier-one private banking clients from the GCC region and beyond. I am looking forward to attracting new clients and building on existing relationships to build our global customer base.”

To date, two key objectives for Al Rayan Bank have been to provide its Premier/Private banking clients with a high quality personalised and bespoke service providing a range of Sharia compliant financial solutions, and to expand its presence in the real estate sector, particularly in London, a favourite of its British and Middle Eastern clients. Consequently, Al Rayan Bank experienced significant growth in the volume of property transactions it financed in the UK in 2015. The Bank also provides Commercial Property Finance (CPF), as well as home finance and CPF for UK residents and businesses.

Commenting on the appointment, Keith Leach, CCO, Al Rayan Bank said: “Ahmed is joining Al Rayan Bank at a very exciting time and we’re delighted to welcome him to lead the Premier/Private banking business. Having worked in Switzerland, the global heart of private banking, Ahmed has an instinctive understanding of what it takes to meet, and exceed, the needs of High Net Worth and Ultra High Net Worth clients. We’re looking forward to capitalising on his in-depth knowledge and experience to take our offering to the next level.”

The parent company of Al Rayan Bank is Masraf Al Rayan QSC (MAR), a Qatar-based Islamic bank providing banking, financial, investment and brokerage services through a network of branches across Qatar. It is the second largest Islamic bank in Qatar by market value and is listed on the Qatar Exchange. Its top 20 shareholders are blue chips in the Qatar investment, corporate and high net worth community.

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of Financial Services Compensation Scheme.

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