MANAMA: Gulf International Bank (GIB) announced the appointment of Mr. Osamah Mohammed Shaker as the new Chief Executive Officer of GIB Capital LLC, a wholly owned subsidiary of GIB, effective since 29 June 2016.
Mr. Shaker comes with substantial banking experience in both international and domestic financial institutions within the Kingdom of Saudi Arabia. Most recently, Mr. Shaker held the position of Director General of Banking Control overseeing and regulating all the commercial banks in Saudi Arabia and Senior Advisor to the Deputy Governor for Supervision at the Saudi Arabian Monetary Agency (SAMA).
Prior to that, Mr. Shaker gained over 16 years of banking and investment experience in the Kingdom with the Saudi British Bank and HSBC Saudi Arabia. During his time at HSBC Saudi Arabia, Mr. Shaker held executive level positions as Managing Director – Head of Investments, and subsequently Managing Director – Head of Financial Markets.
GIB’s Chief Executive Officer, Mr. Abdulaziz A. Al-Helaissi, commented on the appointment, saying: “I am delighted to welcome Osamah to GIB. We are fortunate to have a man of his experience lead our investment banking services. He will play a pivotal role in realising GIB Capital’s strategic development.”
Mr. Shaker is a holder of a Bachelor of Administrative Sciences Degree in Quantitative Methods from King Saud University, Riyadh and a Master of Science Degree in Statistics from Colorado State University, Fort Collins, Colorado, USA. Mr. Shaker also worked at the Institute of Public Administration, teaching statistics and providing statistical consultation.
