Standard Chartered appoints new CEO in Oman

Muscat: Standard Chartered Bank announced the appointment of Hussain Ghalib Al Yafai, as its new Chief Executive Officer in Oman, effective April 1, 2019. In addition to his role as CEO, Al Yafai will also lead the commercial banking segment.
He succeeds Gurcharan Kadan, who successfully led Standard Chartered Oman for 5 years and will be retiring after close to 30 years with Standard Chartered.
Hussain assumes this new position after having successfully led the Global Banking business at Standard Chartered Bank Oman. Prior to this, Al-Yafai led various high-profile Debt Capital Market transactions for the Middle East and North Africa and has been instrumental in building the Standard Chartered franchise in the region. Hussain brings with him a wealth of regional experience that spans over 15 years.
Dr Boutros Klink, Chief Executive Officer for Standard Chartered Bank Middle East (excluding UAE) said: “I am delighted that Hussain will be leading Standard Chartered Bank Oman. Given the Bank’s 50 years’ history in Oman and its great international footprint across Asia, Africa and the Middle East, we are well positioned to continue to provide our clients with superior and differentiated financial solutions. Oman and the Middle East are important strategic markets for Standard Chartered."
"Hussain’s leadership and experience will further strengthen and deepen our relationships in Oman and he will play an important role in achieving our aspirations in the country. We are proud to have witnessed and helped support the monumental economic and infrastructural developments, spearheaded by the country’s leadership. I look forward to Hussain’s leadership and experience in growing our business in Oman,” he added.
Hussain Al Yafai, Chief Executive Officer for Standard Chartered Bank Oman said, "I am honoured and privileged to be leading our franchise in Oman. With Standard Chartered’s rich history in the country since 1968, we have deep-rooted commitments to our clients and community."
"The bank’s international extensive network and local expertise, enable us have a great platform for business with a client-centric strategy. I look forward to continue strengthening our relationships with our partners, delivering differentiated financial solutions and supporting the Omani economy,” he added.