Wednesday 5 March 2014

In Saudi Arabia, a Rarity – a Female Investment Bank CEO - Middle East Real Time - WSJ

In Saudi Arabia, a Rarity – a Female Investment Bank CEO - Middle East Real Time - WSJ:



"Saudi Arabia’s NCB Capital said Tuesday it has picked a veteran Saudi asset manager as its new CEO. Of particular note, the new boss is a woman.



Female CEOs are even more uncommon in Saudi Arabia than they are in the West, and many of the few women chief executives that there are in the kingdom lead family firms.



Sarah al Suhaimi, who becomes head of one of the kingdom’s leading investment bank that has $12 billion in assets under management, has worked her way up through the ranks at Saudi financial houses.



Suhaimi comes to NCB Capital after seven years overseeing asset management at Jadwa Investment. Previously, she served five years on the asset-management team at Samba Financial Group.

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