Bahrain's GFH Financial Group has appointed Sheikh Ahmed bin Khalifa Al-Khalifa to the position of board chairman.
Sheikh Ahmed's appointment was endorsed by the Islamic investment bank’s new board of directors for 2017-2019.
As chairman, Sheikh Ahmed will bring more than two decades of experience to the role. During the course of his career, he has held senior positions in banking, advisory, and government, as well as membership positions on other company boards.
GFH's 10-member board also endorsed the appointment of Dr Ahmed Al-Mutawa, the group's former chairman, as vice chairman.
Commenting on his appointment, Sheikh Ahmed said: "I’m extremely proud to join the Board of GFH Financial Group as its chairman during this exciting time of further development for the Group, following the delivery of strong progress and results in 2016.
“Following the recent AGM, and the announcement of a new strategy, which will focus on the acquisition of financial institutions, infrastructure investments, and other strategic assets, GFH is now entering a new phase of growth, over which I am pleased to be presiding alongside a world-class board and management team.”
Speaking about his predecessor, he added: “I would also like to acknowledge the efforts of Dr Ahmed Al-Mutawa, who has served as chairman of the Group over the past three years and has played an invaluable role in guiding GFH to where we are today – a growing regional market leader and a well-diversified institution and global investor."