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Al Rayan hires new chief risk officer

Green Box | 15:11 Friday 16th March 2018

Al Rayan Bank has appointed Wahid Ali (pictured above) as its new chief risk officer.

p>Wahid will report to the bank's CEO Sultan Choudhury and be based at its operational headquarters in Birmingham.

He will lead the expansion of Al Rayan's risk function to ensure an appropriate risk environment for the bank's planned future growth.

Wahid brings with him experience and expertise having worked in the banking industry, the financial consulting industry and for the regulator.

He has previously served at Future Williams & Glyn, RBS, where he was deputy chief risk officer and director of enterprise wide risk management, risk strategy conduct and regulatory risk.

Prior to that, he was a senior manager at the Bank of England for the PRA supervision division and spent time as a senior manager at Deloitte UK.

Wahid has also completed the Harvard Business School executive general management programme.

He said he was delighted to be joining the team at Al Rayan Bank.

“This chimes with my personal ethics, as does their approach of putting the customer at the centre of everything it does.

“I first became familiar with the Al Rayan Bank when working for the PRA, and my assessment was then, as it is now, that it has a bright future.

“There is a dynamic leadership team driving the bank forward; it has a sound strategy and is starting to make its mark on the global map as a notable bank pioneering Islamic finance in the UK.'

Sultan added: “I welcome the addition of Wahid to the executive team, as he brings an impressive range of experience and deep understanding to the bank, together with a proven track record of business results.

“With his strong understanding of governance and risk, he is the right person to join our team at this exciting time in the bank's development.'

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