The UK-listed bank has reportedly named a CEO for its operations in the Kingdom – evidence of the MENA region's importance in wealth management.

Standard Chartered has confirmed its appointment of Mazen Fahad Al Bunyan as chief executive of its Saudi Arabia operations.

Mazen Fahad Al Bunyan was previously the CEO of Alawwal Invest Company, the investment subsidiary of  Riyadh-based  Saudi British Bank.

Standard Chartered Bank Saudi Arabia launched its operations in Riyadh in June 2021, providing banking services to sovereign and government related entities, large corporates, financial institutions and multinational companies operating in the kingdom.

Last week, this news service held its annual MENA region awards in Dubai. For more details, see here.