Riyadh - Mubasher: Standard Chartered Bank has appointed Mazen Fahad Al Bunyan as its CEO for Saudi Arabia, according to a recent press release.
Before joining Standard Chartered Bank, Al Bunyan served as the CEO of Alawwal Invest Company, an investment subsidiary of the Saudi British Bank (SABB/HSBC), where he handled the integration works of the two entities.
The new official also held various leadership roles, including the Co-Head of Global Banking within SABB/HSBC in Riyadh as well as Deutsche Bank’s Vice President of Corporate Banking Coverage for Saudi Arabia and Kuwait.
Boutros Klink, CEO of Standard Chartered in the Middle East, excluding the UAE, said: “In his new role as CEO, Mazen will oversee the operations of Standard Chartered Bank Saudi Arabia, and will lead the bank’s expansion in the market, strengthen our client base, expand our products and services offering, and solidify our network in support of the Kingdoms growth ambitions.”
In June 2021, the lender commenced operating in Riyadh, where it offers banking services to sovereign and government-related entities, financial institutions, and multinational companies across Saudi Arabia.
Standard Chartered Bank runs its business in the Kingdom through its entities which are licenced by the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA).