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Tuesday, July 29, 2014  

Farsi appointed as Bank Nizwa GM
MUSCAT Bank Nizwa has appointed Tariq Al Farsi as general manager for retail and private banking. Farsi has a successful and distinguished track record of building and running Islamic banks and brings more than 11 years’ experience in investment, retail and corporate banking in various multi-national and regional financial institutions.

Farsi was a senior member of the pioneering teams behind the start-up of two Islamic banks; Noor Islamic Bank and Al Hilal. Prior to joining Bank Nizwa, Farsi has worked in Dubai Bank where he held various high level executive positions including senior vice president - head of branches and head of business  development - retail &corporate banking. He was a general manager in Noor Investment Group and was also a senior team member of Sharjah Islamic Bank, RAK Bank and HSBC.

Farsi said, “Being an Omani, it gives me immense pleasure to be part of something this big; launching the first Islamic bank for the Sultanate. Our team will go down in history as being the pioneers of the first Islamic bank. Until now, I’ve been pursuing my career in Islamic banking elsewhere in the region but with the establishment of Bank Nizwa, it’s a dream come true. I will be working in a country where my heart is.”

Ahmed Saif Al Rawahi, chairman of the Bank Nizwa Founding Committee, said, “Hot on the heels of the announcement of our CEO last week it gives me great pleasure to bring Farsi on board. He brings a wealth of experience of retail, corporate and Islamic banking and has been a key member of the management teams behind the creation of two large scale Islamic banks in the GCC region.”

Al Farsi holds a BA in Management from AAST University in Alexandria and various certifications in Islamic banking, finance and audit. He has completed a wide range of international professional development courses and is an active member of UAE Human Rights organisation.

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