Tuesday 13 August 2013

Ex-CIMB Executive Takes Helm At UAE Lender RAKBANK - Business News | The Star Online

Ex-CIMB Executive Takes Helm At UAE Lender RAKBANK - Business News | The Star Online:

"National Bank of Ras al-Khaimah has appointed Peter England, previously a senior banker at Malaysia's CIMB Group, as its new chief executive, two sources familiar with the matter said.

England, who was the head of retail financial services business at CIMB takes charge on Sept. 1, one of the sources said, speaking on condition of anonymity as the matter has not been made public. RAKBANK officials were not available for comment.

RAKBANK was one of the two banks named in a massive global bank card fraud in May which saw nearly $45 million stolen from the UAE lender and Oman's Bank Muscat."

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