The CEO of RAK Bank has announced a new leadership vision that aims to drive growth and innovation within the bank. This vision is focused on digital transformation, customer experience, and talent development.
The bank's leadership vision includes a commitment to investing in digital technologies to improve customer engagement and operational efficiency. This will enable the bank to better serve its customers and stay competitive in the market.
Under the new leadership vision, RAK Bank will prioritize customer experience, with a focus on delivering personalized and seamless banking services. This will involve leveraging data analytics and artificial intelligence to gain a deeper understanding of customer needs.
The bank will also place a strong emphasis on talent development, with a focus on attracting and retaining top talent in the industry. This will involve providing training and development opportunities to help employees build new skills and advance their careers.
For more insights, see: First Bank Digital Banking
Rakbank Leadership
Raheel Ahmed took over as the CEO of RAKBank in January 2022, succeeding Peter England who retired after eight years of leading the bank.
Ahmed joins RAKBank from Barclays UK, where he was a member of the executive committee and chief product and analytics officer.
He also previously worked with Standard Chartered Bank as the regional head of Consumer Banking for Middle East and Africa.
RAKBank has seen strong growth this year, with a nine-month net profit of Dhs534.7m, up 21.9 per cent from Dhs438.6m during the same period last year.
Ahmed's new role at RAKBank includes developing and executing strategies to increase profitability and gain market share.
He also serves as the Chairman of the FinTech Committee at the UAE Banks Federation since March 2022.
Ahmed holds an MBA in Marketing and Finance from the Institute of Business Administration (IBA) in Pakistan, which he completed in 1991.
Rakbank Announces New CEO
Rakbank has announced a new CEO, but unfortunately, the article doesn't mention who it is.
The new CEO will be responsible for leading the bank's operations in the UAE and other markets.
Rakbank is a leading bank in the UAE, with a long history of innovation and customer service.
The bank has been a pioneer in digital banking, introducing several mobile banking apps and online services.
Rakbank has a strong presence in the UAE, with over 30 branches and a large network of ATMs.
The new CEO will be tasked with driving the bank's growth and expansion plans.
Rakbank's new CEO will have a significant impact on the bank's future direction and success.
Frequently Asked Questions
Who owns the RAKBANK?
The RAKBANK is majority-owned by the Government of Ras Al Khaimah. It is also publicly traded on the Abu Dhabi Securities Exchange (ADX).
How much does a VP at RAKBANK make?
The estimated annual salary for a VP at RAKBANK is AED 498K–AED 530K, including base salary and additional pay. This range makes RAKBANK's VP position one of the higher-paying jobs in the UAE.
Sources
- https://gulfbusiness.com/rakbank-appoints-new-ceo/
- https://manhom.com/en/profiles/rachel-ahmed/
- https://gfmag.com/banking/rakbank-group-ceo-raheel-ahmed/
- https://www.rakbank.ae/en/about-us/sustainability/Governance
- https://www.zawya.com/en/press-release/rakbank-announces-new-chief-executive-officer-n2kw9sw0
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