David J. Rhodes - Chief Executive Officer

Mr Rhodes took over as the Chief Executive Officer on the 29 March 2010. He was formerly the Group Head of Financial Services at UGB’s parent, Kuwait Projects Company(Holding), KIPCO. Mr Rhodes has over 25 years of experience in the United States, Europe, MENA and Asia Pacific. Prior to joining KIPCO in 2009, he held senior operating positions with Fifth Third Bank, Security Pacific National Bank and Lehman Brothers. He holds a BA in Economics from the University of Rochester and an MBA from the Johnson Graduate School of Management, Cornell University.

Mohammad Haroon - Advisor and Secretary to the Board of Directors

Mr Haroon joined the Bank in November 1981. He has more than 42 years of experience in investment and commercial banking gained in Pakistan and Bahrain. He worked previously with National Bank of Pakistan (OBU), Bahrain as Head of Credit & Marketing, and in the same bank in Pakistan in senior management positions. Before that he worked with the Investment Corporation of Pakistan in management positions in Corporate Finance, Investment Advisory and Asset Management. He is also a Director of United Gulf Bank Securities Company, Bahrain; and United Gulf Investments Ltd, Cayman Islands. Mr Haroon holds a BSc (Hons) from Peshawar University in Pakistan, and a Diploma in Banking.

Mr Haroon has relinquished his position as the Acting Chief Executive Officer effective end March 2010 and has assumed his new role as the Advisor to the Board. He will continue to act as Secretary to the Board.

Rabih Soukarieh – Assistant General Manager, Head of Special Projects and Business Development

Mr Soukarieh rejoined United Gulf Bank in Bahrain in early 2009 having relocated from Qatar where he held the post of Chief Executive Officer at UGB’s subsidiary, United Gulf Financial Services Company in 2008. He previously held the position of Head of Corporate Finance at UGB between 2003 and 2004 where he established the Investment Banking Division of the Bank. In 2005 he joined Wataniya International as Group Chief Financial Officer and co-led the expansion of the Wataniya Telecom Group into Tunisia, Iraq, Algeria, Saudi Arabia, Maldives, and Palestine, and co-managed their activities in these countries. His career spans over 20 years in the areas of investment and corporate banking as well as mobile telecommunications. He has tenured many board directorships over the years. He is currently a director of Wataniya Telecom Algérie, Algeria and Millennium Finance Corporation, Dubai. Mr Soukarieh has an MBA in General Management (Hons) from Northeastern University, Boston, a BSc. in Finance (Hons) from Indiana University, Bloomington, and is a Chartered Financial Analyst.

Shawki Khodr, CFA - Assistant General Manager, Head of Investment Banking and Asset Management

Mr Khodr joined the Bank in December 2004. He has more than 15 years of investment banking and corporate banking experience, and has held a number of positions in financial institutions in the Middle East, including at the National Bank of Kuwait as Senior Manager - Investment Banking. Mr Khodr is a Board member of United Gulf Bank Securities Company, Bahrain; United Gulf Financial Services Company - North Africa, Tunisia. He holds the Chartered Financial Analyst (CFA) designation, and has a BSc in Business Administration with emphasis in “Banking and Finance” and an MBA from the Lebanese American University.

Younes Brouche - Assistant General Manager, Head of Core Investments

Dr Brouche joined the Bank in February 2006. He has more than 23 years of experience in banking and has held a number of key positions at major financial institutions in the Middle East and Europe including Head of International Department at CGB Citibank, France and Head of Main Branch at Samba, Saudi Arabia. Before joining UGB he was employed by CENEW (Investment Holding Company), France as a Managing Director in Financial Advisory and Project Management and Real Estate Investment and Management from 2003 to January 2006. Dr Brouche is a Vice Chairman and Executive Committee member at Syria Gulf Bank, and Vice Chairman and Executive Committee member at Bank of Baghdad. He has a PhD in Business Law from Paris X University, and he has a Banking Diploma from the French University, Beirut.

Hussain A. Lalani - Assistant General Manager, Chief Financial Officer

Mr Lalani joined the Bank in 2002. He has more than 12 years of experience in Public Accounting and Financial Control. He was previously employed by Ernst & Young, Bahrain and PriceWaterHouseCoopers, Pakistan. He is a Chartered Accountant (ACA), a Certified Information System Auditor (CISA) and holds a Bachelor of Commerce degree.

Amine P. Fehmi - Assistant General Manager, Head of Financial Institutions & Marketing

Mr Fehmi joined the Bank in September 2004. He has more than 24 years of experience in international capital markets, asset management as well as Islamic banking, and has held a number of positions at major financial institutions in the Middle East, Europe and the US, including Head of Marketing for Société Générale Asset Management, Bahrain; Regional Director for Société Générale, Dubai; Vice President - Head of the Islamic Banking Division for Gulf International Bank, Bahrain; Vice President - Head of Financial Institutions for Arab American Bank, New York; Banking Officer for Gulf International Bank, Bahrain; and Economic/Commercial Specialist for the US Embassy in the UAE. Mr Fehmi holds a BA degree (with distinction), from the American University of Beirut. He successfully completed post graduate programs at the Foreign Services Institute, US Department of State, US Department of Commerce and Citibank Institute of Banking.

Jawad Al Asfoor - Senior Vice President, Head of Treasury

Mr Al Asfoor joined the Bank in October 2006. He has more than 27 years of banking experience in Treasury and Islamic Banking. He was previously employed by Indosuez (Calyon) as Chief Dealer, and BNP Paribas Islamic Banking, Liquidity Management Centre (LMC) as Head of Sales and Marketing. He holds a Diploma certificate in Accounting and Finance from the Association of Certified Chartered Accountants and a Diploma Certificate in Islamic Banking & Finance.

Ghulam Ahmed Mohatarem - Senior Vice President, Chief Operating Officer

Mr Mohatarem joined the Bank in October 2003. As UGB’s Chief Operating Officer, he is responsible for Operations, IT, HR and Administration departments. He previously worked with Citigroup for over 25 years, working at various Citibank branches and subsidiaries around the world. His last assignment with Citibank was as Deputy Head of Compliance for Citibank’s Central and Eastern Europe/ Middle East Division in London. Prior to that, he was Head of Operations and Compliance for Samba Capital Management in London. Mr Mohatarem also worked with Citibank in Pakistan as Head of Operations, and with Saudi American Bank, now renamed Samba Financial Group, in Jeddah as Regional Operations Head for Samba’s Western Province. He holds a BSc and an MBA degree from Karachi University.

Mohammed Alqumaish - Senior Vice President, Head of Internal Audit & Quality Assurance

Mr Alqumaish joined the Bank in September 2001. He has more than 12 years of experience in Internal Auditing, Risk Assessment, Compliance and Quality Assurance and was previously employed by Ahli United Bank and Shamil Bank of Bahrain. Mr Alqumaish is a Board member of Tunis International Bank, Tunisia and Bahrain Kuwait Insurance Company, Bahrain. He is a member of the Board Audit Committees of KIPCO Asset Management Company (KAMCO), Kuwait; Tunis International Bank, Tunisia; Algeria Gulf Bank, Algeria; and Syria Gulf Bank, Syria. He is a Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA).

Deepa Chandrasekhar - Senior Vice President, Chief Compliance Officer

Mrs Chandrasekhar joined the Bank in 2008. She has over 21 years of experience in the areas of Risk Management, Treasury, Operations, Internal Audit and Compliance. She started her career with Citibank as a foreign exchange dealer, and since then has worked extensively in the Middle East in Bahrain, Lebanon and the UAE. She was previously Head of Risk at RAKBANK in the UAE where she was actively involved in implementing Basel II with a special emphasis on Operational Risk. Mrs Chandrasekhar holds an MBA degree from the University of Alberta, Canada. She is also CAMS, MICA and CFE certified, and has been awarded the Islamic Finance Qualification by the Securities and Investment Institute of the UK.

Syed Rehan Ashraf, ACA - Vice President, Head of Credit & Risk Management

Mr Ashraf joined the Bank in 2005. He has 12 years of experience in the areas of Credit, Risk Management, Compliance and Assurance services with Islamic and conventional banks and big four audit firms. He was previously employed by Shamil Bank of Bahrain, Deloitte & Touche, Bahrain, Faysal Bank, Pakistan and PriceWaterHouseCoopers, Pakistan. Mr Ashraf is also serving as a member of the Board Audit Committees of KIPCO Asset Management Company (KAMCO), Kuwait; Tunis International Bank, Tunisia; Algeria Gulf Bank, Algeria; and Syria Gulf Bank, Syria. He is a Chartered Accountant (ACA) from the Institute of Chartered Accountants of Pakistan.