New Saudi central bank chief could hasten market opening | A1SaudiArabia.com

Fahd Bin Abdullah Al-Mubarak, chosen on Tuesday as Saudi Arabias new central bank governor, is a US-educated former investment banker with financial markets experience that could help open the Saudi stock exchange to foreign investment.

Mubarak in some ways contrasts starkly with his well-respected predecessor Muhammad Al-Jasser.

Jasser, who took office in February 2009, was a long-term government official and central bank insider who began his career at the finance ministry in 1981, and served as the central banks vice governor for almost 15 years.

* username: rupertbu