Emirates Islamic Bank today announced the appointment of Yakub Bobat as its Head of Corporate Banking. Bobat will be focused on managing the division to grow the corporate business, a strategic segment in Emirates Islamic Bank, creating strong Shari’a based solutions for Emirates Islamic Bank corporate customers, said a press release.
Bobat has held a number of senior positions within the industry; including roles at HSBC and Bank Al Bilad. A banker with 25 years of experience in conventional and Islamic finance, Bobat has worked in Retail, Corporate, Institutional and Investment Banking across Europe, the Middle East and Asia Pacific.
“I am pleased to welcome Bobat to Emirates Islamic Bank. He brings considerable banking experience built in areas which are directly relevant to his new role at the bank. Given his successful track record, I am sure that he will be an asset for Emirates Islamic Bank’s Corporate Banking division, enabling it to achieve its strategic goals,” said Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic Bank.
“Bobat’s vast experience, strategic thinking and strong execution capability will support the acceleration of growth in the bank’s Corporate Banking and help position the business as a premier corporate bank within the region,” he added.
Prior to joining Emirates Islamic Bank, Bobat was the Global Head of HSBC Amanah Commercial Banking, driving Islamic commercial business strategy across the group and helping expand Islamic banking across key markets. Bobat was also responsible for establishing HSBC Amanah Syariah in Indonesia in 2003 and HSBC Amanah Malaysia Berhad in 2008.
Taking over his role at Emirates Islamic Bank, Yakub Bobat said: “I am delighted to join Emirates Islamic Bank at this important stage in its development. I look forward to working with the team to strengthen the Corporate Banking business. It will be my focus to support our clients by providing advisory and robust financial solutions, enabling them to benefit from the team’s significant expertise.”
*This article by William Mullaly was published by CPI Financial. Read the original article here.