United Gulf Bank (UGB) has announced the appointment of Samer AlAbed as its new chief executive officer.
A seasoned veteran with over 25 years of international banking and financial services experience, Mr AlAbed’s career spans the GCC and global financial markets.
The bank’s board of directors welcomed the appointment, citing his extensive leadership background.
The board expressed confidence in his ability to drive UGB’s long-term strategy, bolster its business model, and spearhead the next phase of growth and transformation.
Mr AlAbed joins UGB from HSBC Bank Middle East in Kuwait, where he served as CEO.
During his tenure there, he oversaw wholesale banking operations and was instrumental in solidifying HSBC’s status as the largest foreign bank in the country.
His professional career includes leading institutional sales for global markets across the Mena region at HSBC, where he managed treasury products including fixed income, foreign exchange, and equities.
Earlier in his career, he served within the Central Bank and Structured Sales team at Morgan Stanley in London, focusing specifically on the CEEMEA region.
Mr AlAbed holds a degree in economics management and has been a CFA Charterholder since 2001.
“I am honoured to join United Gulf Bank at such an exciting time for the institution and for Bahrain’s financial sector,” said Mr AlAbed.
“The Gulf region presents tremendous opportunities, and I look forward to working with the board and the talented team at UGB to build on the bank’s strong foundations and deliver sustainable growth for all stakeholders.”
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