Commercialbank appoints top executive

Commercialbank has appointed Sarmad Lone as executive general manager and head of wholesale banking.Lone, who will report to Commercialbank Group chief executive officer Andrew Stevens, was previously managing director (investment banking - MENA) for Morgan Stanley, based in Dubai. He has also held senior corporate and investment banking roles for Citibank in both the Middle East and Asia.Lone will work alongside, and have responsibility for, the corporate banking teams, domestic banking, government and international banking as well as Commercialbank Capital (ComCap) to further develop and leverage the bank’s growth strategy, as Qatar’s economy continues to expand and diversify. Stevens said: “I am delighted that we have been able to strengthen the senior management team with such an experienced and well regarded banker as Sarmad Lone. We have ambitious growth plans in Qatar and he will play a full role in helping us deliver them. Having worked closely with Sarmad Lone while he was at Morgan Stanley, we are very aware of the skills and knowledge he will bring to the bank.”