Gulf Bank Appoints Momtaz Saif as Head of New Corporate Strategy Unit
September 12, 2020
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Gulf Bank announced the appointment of Momtaz Saif as the head of its new Corporate Strategy Unit, which was established in September 2020. His responsibilities will include the development and implementation of the Bank's long-term strategy, collaborating with various units on the development of their annual plans, and heading various strategic projects related to the Bank. The Corporate Strategy Unit was established in line with the recommendations that the Central Bank of Kuwait issued earlier this year to ensure that the Kuwaiti banking sector is well equipped and prepared for any challenges that future global economic conditions may impose. The establishment of the new unit also provides the Bank with the capabilities and the necessary tools to forecast any internal and external challenges that may arise as a result of any developments in the global economy. Momtaz Saif has extensive practical experience in the field of strategic planning, and has worked across Europe, the GCC region and Asia. Prior to joining Gulf Bank in 2018, Momtaz Saif was the Chief Strategy, PMO and Communications Officer for one of Kuwaiti Banks.
Gulf Bank KSCP is a Kuwait-based public shareholding company engaged in the provision of banking, financial and investment services. The Bank is structured into two business segments: the Commercial Banking segment includes acceptance of deposits from individuals, corporate and institutional customers and providing consumer loans, overdrafts, credit card facilities and funds transfer facilities to individuals, as well as other credit facilities of corporate and institutional customers, and the Treasury & Investments segment provides money market, trading and treasury services, including foreign exchange, spot quotations and forwards and swaps, and the management of the Bankâs funding operation by use of treasury bills, government securities, placements and acceptances with other banks.