The Board

The Board

Board Directors


Adel Abdul Wahab Al-Majed

Adel Abdul Wahab Al-Majed
Chairman

Adel is the Non-executive Chairman of the Board of BLME Holdings plc. He has over 30 years of experience in banking. He is currently Chief Executive Officer and Vice-Chairman of BLME’s largest shareholder, Boubyan Bank K.S.C, having previously held the position of Chairman. From 1980 to 2009 Adel worked for National Bank of Kuwait where he held a number of positions including Deputy Chief Executive Officer and General Manager. Adel has played a key role in the development of the Kuwait banking sector including regulation, shared enterprises (Credit Bureau and K-Net Shared Switch) and Islamic Banking.

Sheikh Abdullah Jaber Al-Ahmed Al-Sabah

Sheikh Abdullah Jaber Al-Ahmed Al-Sabah
Vice Chairman

Sheikh Abdullah is the Non-executive Vice Chairman of the Board of BLME Holdings plc. He is the Deputy Director General for Investment at Kuwait’s Public Institution for Social Security ("PIFSS"), Chairman of Housing Finance Company and Vice Chairman of Ahli United Bank of Kuwait. Previously he was a Board Member of the Ahli Bank of Kuwait, Global Investment House, and the Chairman of Kuwait Financing Service Co. He started his career at PIFSS and then became a Vice President at Wafra Investment Advisory Group in New York where he was involved in direct equity, real estate and equity portfolios.

Executive Directors


Giles Cunningham

Giles Cunningham
Chief Executive Officer

Giles Cunningham joined BLME in October 2016 having previously served as Chief Executive Officer, International at Qatar Islamic Bank. Prior to that appointment Giles was Chief Executive Officer of The Zubair Corporation from 2008 until 2011. He started his career at Kleinwort Benson, the investment bank before moving to Lloyds TSB Bank where he spent 17 years. Giles held a number of senior roles with Lloyds, both in the UK and internationally. This included two years as Chief Financial Officer in Lloyds Bank, Brazil and three years as the Bank's Middle East Chief Executive Officer, based in Dubai. Most recently he was based in London and responsible for the Lloyds TSB International strategy and business. Giles is a mathematics graduate, an Associate of the Chartered Institute of Bankers, holds an MBA and is an active Harvard Business School alumnus.

Chris Power

Chris Power
Chief Financial Officer

Chris graduated from the London School of Economics and he also holds an MBA. He qualified as a chartered accountant at Deloitte in London in 1986 and progressed to become a Senior Manager heading up the Hong Kong Banking and Securities Group of Deloitte. Chris joined the ABN Amro group in 1994, where he held various positions including working in Thailand and Brazil, culminating in his membership of ABN Amro’s Executive Group as a Corporate Executive Vice President. In 2008 he joined CLS Group Holdings AG (the world’s foreign exchange settlement utility) as the Chief Financial Officer and in 2010 was the Group Finance Director of the Board. He left CLS after the Head Office was relocated to New York.

Non-Executive Directors


Neil Holden

Neil Holden
Non-Executive Director (Senior Independent Director)

Neil is Chairman of the Nominations Committee and the Remuneration Committee of BLME Holdings plc. He is a mathematician and chartered accountant with more than 30 years of experience in international banking focusing on financial control, risk management and governance.  His executive roles included Head of Corporate and Investment Banking Credit for Standard Bank Group, Head of Risk for Standard Bank Plc, and previously various senior roles at WestLB and Hambros Bank covering all risk, finance and operational disciplines. He is also a Non-executive Director of Stanbic International Insurance Limited, Integrated Financial Arrangements Plc and Saffron Building Society.

Frank Vermeulen

Frank Vermeulen
Non-Executive Director (Independent)

Frank is Chairman of the Audit Committee of BLME Holdings plc. He has a master’s degree in Dutch law and has 35 years of experience in finance. For most of the first 20 years of this period Frank worked for ABN Bank NV in a variety of roles in different countries, including Head of Corporate Banking, Syndications & International for Saudi Hollandi Bank, Riyadh. In 1992 he joined Olayan Financing Company in Riyadh, where he worked until his retirement at the end of 2006. At Olayan he held the positions of Treasurer and Chief Financial Officer and various board positions in affiliated companies in the Middle East and Europe. He also acts as an advisor to the Board of Jarir Marketing Company, Riyadh, where he is a member of the audit committee, and is involved in risk management at Saudi Hollandi Bank.

Zeyad Al Mukhaizeem

Zeyad Al Mukhaizeem
Non-Executive Director

Zeyad is a member of the Audit and Risk Committees of BLME Holdings plc. He is an investment banking leader with a background in financial services, investment management, real estate, and business restructuring / turnaround. Zeyad began his career with Kuwaiti Manager Company and has held investment banking and management positions with Kuwait Finance House and AREF Investment Group where he is currently the Executive Director of the International Investment Division. Zeyad holds numerous board positions and is currently Chairman of the Board and Executive Committee for Munshaat Real Estate Projects Company and a member of the Board and Executive Committee of Ibdar Bank B.S.C. along with board positions for real estate and private equity funds.

David Williams

David Williams
Non-Executive Director

David joined the Bank in October 2015 as an Independent Non-Executive Director and Chairman of the Risk Committee. He is a senior credit risk professional with 27 years of experience in international banking operating at executive and board level in the Middle East, Europe and Asia. Over a career with Barclays PLC his executive roles included Wholesale Credit Risk Director of the Barclays Group and Chief Credit Officer at Barclays Capital. David was a Non-Executive Board Director of LCH Clearnet Group Ltd. David is a former British Army officer and is currently a Trustee of Haig Housing Trust, a major services charity.

Michael Williams

Michael Williams
Non-Executive Director

Michael Williams has been a Non-Executive Director since 2012 holding the positions of Chairman of the Nominations Committee and of the Risk Committee of BLME Holdings plc. He is a qualified banker with an extensive background in international finance. He has held a number of senior and board level positions in the UK and in the Middle East. Prior to this he was Chief Executive Officer of the International Bank of Qatar in Doha before which he was in Dubai as the Chief Executive Officer of the National Bank of Fujairah, having previously been the Managing Director of Nomura Bank International Plc for 6 years. Michael started his career with Barclays Bank Group working for them for 25 years holding a number of senior positions including Managing Director of Barclays Global Services and Corporate Banking Director at Barclays Bank PLC. 

Jabra Ghandour

Jabra Ghandour

Jabra Ghandour is a Non-Executive Board Member of BLME. He has more than 30 years’ of experience in Financial Services. Before joining BLME he was Managing Director and Board Member of International Bank of Qatar. Jabra began his career at Cairo Amman Bank where he was Head of Treasury before moving to Union Bank as Executive Manager responsible for Treasury and Financial Institutions. Jabra joined Jordan National Bank (Ahli Bank) in 1994 as Assistant General Manager followed by four years at Merrill Lynch (Jordan) as General Manager. From 2002 to 2012 he worked at National Bank of Kuwait holding several senior positions including General Manager, Jordon and Head of Private Banking.  Jabra has played a key role in developing and growing market leading banks.