National Bank of Bahrain announced that it has launched a new Financial Restructuring Business within the Bank as part of its ongoing diversification and efforts to step up its participation and support for the local and regional markets.

Heading the new division as Chief Executive - Financial Restructuring is Mr. Bruce Wade, who will lead this major initiative by NBB to fulfil a need for specialised financial restructuring advice for companies in Bahrain and the GCC markets with a primary focus on Corporate clients in addition to selective Commercial Banking clients. This includes acting as an independent advisor to companies facing challenges as well as for companies where NBB is a creditor. Initially Mr. Wade joined the Bank in 2014 as Chief Risk Officer bringing to this role more than 35 years of banking experience including roles at Citibank, Bank of Tokyo Group, Saudi Hollandi Bank, and Riyad Bank,. Currently, he also serves as the Chairman of the Risk Management Committee at the Bahrain Association of Banks.