Abu Dhabi – Mubasher: Alex Coelho has been appointed CEO of Al Hilal Bank, according to a statement released Tuesday.
The new CEO will work on enhancing the Abu Dhabi-based Islamic bank’s role as a leading Islamic entity in the UAE and Pakistan, according to the release.
Coelho worked in the global financial sector for more than two decades, and has taken over many leading roles in the Middle East and New York.
The new CEO said that the global economy is witnessing a great change that affects all sectors, and requires staying at the top, which he hopes to achieve.
The bank’s board had previously announced the resignation of Mohamed Jamil Berro for personal reasons, and agreed to appoint Sari Asaad Arar as CEO on behalf of the group.
The Abu Dhabi Investment Council (ADIC) established Al Hilal Bank in 2008 to serve as the Abu Dhabi’s government investment arm with AED 4 billion in capital.
