Burgan Bank has announced the appointment of Tony Daher as its new Group Chief Executive Officer (GCEO) after obtaining the approval of the Central Bank of Kuwait. 

 

Daher will assume responsibilities and commence his duties on April 16, 2023. He succeeds Masoud M J Hayat, who had served as the GCEO since April 2019 and Vice Chairman since 2013. 

 

Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah, Chairman of Burgan Bank, said: “Tony Daher’s expansive banking and financial experience, not to mention his excellent track record of values-driven leadership, will bring renewed energy to the Bank to continue implementing its strategic priorities and fulfilling its corporate responsibilities. Today, I am more confident than ever in Burgan’s unique position to deliver unparalleled value to its customers and long-term growth to all its stakeholders. On behalf of the Board of Directors and all Burgan staff, I would like to extend a warm welcome to Daher, and we look forward to working with him on continuing Burgan’s success.”

 

Industry knowledge

Daher brings over 25 years of experience and strong industry knowledge to drive further Burgan Bank’s mission to be the community’s go-to financial partner. Prior to joining the Bank, Daher served as Deputy CEO of Gulf Bank from 2013 until 2016 and as CEO from 2016 until 2023. 

 

In some of his noteworthy previous roles, he served as General Manager for Domestic Corporate Banking at National Bank of Kuwait from 2011 to 2013 and Head of the Domestic Multinational unit from 2007 to 2011. 

 

Earlier in his career, Daher also worked at National City Bank in the US, where he held several positions in Project Finance, Structured Finance, Corporate Banking, and Capital Markets.

 

Daher holds a BSc in Civil Engineering from Cleveland State University and an MBA from Case Western Reserve University in Ohio. He has also attended Executive Education courses given by the Harvard Business School.-- TradeArabia News Service