SICO appoints new Chairman of the Board

Manama, Bahrain, 20 December 2011, Bahrain based Securities & Investment Company announced today, after its board meeting of November 13th, the appointment of Shaikh Abdulla bin Khalifa Al-Khalifa, as the new chairman of the bank’s board of directors.

Shaikh Abdulla represents the Social Insurance Organization, and has been a board member since November 2011. He replaces SICO’s former chairman, Shaikh Mohammed bin Isa Al Khalifa and who retired from the board in September 2011 .

Shaikh Abdulla is the Assistant Director – Investment Directorate of the Social Insurance Organisation (SIO).Prior to joining SIO in 2006, he was the Head of Wealth Management at Standard Chartered Bank for Bahrain. He started his career in 2001 at Arab Banking Corporation in Bahrain, where he rose to the position of Senior Relationship Manager.

He is Chairman of Seef Properties; and a Board Member of BBK, BFC Holdings Limited, Bahrain International Golf Course, and Naseej.

Shaikh Abdulla holds a BSc degree in Business Administration from the George Washington University, Washington DC, USA. He has also completed various training courses.

The Board of Directors would like to warmly welcome Shaikh Abdulla whose diverse knowledge and experience should greatly benefit SICO.

Securities & Investment Company is a wholesale bank offering a selective range of investment banking services, including asset management, brokerage, corporate finance and market-making, on a regional basis and with a particular emphasis on Bahrain.Through its wholly owned subsidiary, SICO Fund Services Company (SFS), SICO also provides custody and fund administration services.

The full press release in English & Arabic can bedo wnloaded here