Qatar First Bank (QFB) has appointed Ahmad Meshari as its acting CEO.
He replaces Emad Mansour, who recently resigned from the bank.
Meshari (pictured), who joins QFB from Qatar Islamic Bank where he served as deputy CEO, brings with him more than 30 years of experience in the financial sector.
He will have the responsibility for QFB’s business lines including wealth management, principle investments, asset management and corporate finance advisory.
QFB’s current investments stand at QR1.8bn spread across sectors including energy, financial services, realty, industrials and healthcare in markets as diverse as Middle East and North Africa, Turkey and the UK.
Meshari holds a master’s in business administration from the University of Ottawa and a bachelor’s degree in business administration from Kuwait University.
QFB, which is authorised by the Qatar Financial Centre Regulatory Authority, reported strong financial results as its net income rose 21% to QR113.2mn in 2012.
The bank was mulling an initial public offering last year and had hired Credit Suisse as a financial adviser.