Kuwait; April 21, 2013: Warba Bank announced today the promotion of Hosam Nasser Al Muzaiel to Investment Department Manager. The new promotion reflects Hosam's extensive professional qualifications and long experience in both banking and investment sectors.
Al Muzaiel brings to Warba Bank over sixteen years of experience in investment and banking sectors in both local and global markets. In his new role as an Investment Department Manager, Hosam will be responsible for supervising the department and overseeing its investment operations.
Prior to joining Warba Bank, Al Muzaiel held numerous leading positions in the investment sector in Kuwait and London, such as, managing the real estate portfolio at the Kuwait Investment Office in London for more than six years, following his role in the Finance Department at the Kuwait Investment Office for two years.
Al Muzaiel was also the Deputy Chief Operating Officer at Kuwait Global Securities House for almost six years, where he worked on various successful key investments in the US and Europe, including his participation in establishing a bank in London.
Prior to his new role as the Investment Department Manager, Al Muzaiel was an Investment Manager at the Investment and Treasury Group at Warba Bank, where he took part in completing several successful investments and transactions, which contributed highly towards achieving lucrative returns in a short period of time.
Commenting on his appointment Mr. Hosam Al-Muzaiel said: “.Praise be to Allah, the Almighty, for the success and bless conferred upon me. Although the bank is still young, it has managed to complete a broad range of successful investments locally and globally, and has already established a strong market presence. We are determined to build on this success, while developing future opportunities.”
Warba Bank recently announced that Kuwaitization at the management level has crossed the 75% mark. This demonstrates the commitment of Warba Bank to utilize the leadership qualities of Kuwaitis. Warba Bank has been able to achieve this figure despite a number of challenges. To make up for a lack of Kuwaiti recruits in some sectors, the bank has provided training to highly qualified, young Nationals enabling it to achieve Kuwaitization in departments such as Corporate, Retail and HR of 98%.Across its operations, Warba Bank has achieved Kuwaitization of over 60%, reflecting its commitment to employ local expertise and talent.