Gulf Bank appoints Mr.Myers as Chief General Manager

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Gulf Bank announced today that Mr. Louis J. Myers has been appointed Chief General Manager of the Bank.Mr. Myers has more than 33 years experience in banking in the Middle East and the United States.

Mr. Myers began his career with the First Seneca Bank in Pennsylvania in the United States and rose to the positions of Chairman and CEO of the Northeastern Bank of Pennsylvania and Senior Vice President and Manager, Community Banking, with the PNC Financial Services Group.

Myers joins Gulf Bank from The National Commercial Bank in Saudi Arabia where, as Sector Head for Individual Banking, he was responsible for nearly 3,500 staff and more than USD 1.1 billion in revenues.

Mr. Bassam Yusuf Alghanim, Chairman and Managing Director of Gulf Bank said, “We are delighted to welcome Lou Myers to Gulf Bank. At Saudi Arabia’s largest bank, he led a consumer-driven growth strategy that delivered substantial increases in earnings and profitability. His depth of experience in retail banking in this region makes him an excellent choice as our new Chief General Manager.”

Mr. Myers will take over from Mrs. Sana Juma who has been the Acting Chief General Manager for Gulf Bank.

Mr. Alghanim said, “I would like to take this opportunity to thank Sana Juma for stepping into this role and contributing so much to Gulf Bank’s success in recent months."

“With seven consecutive years of record profits, Gulf Bank is among the fastest growing and most dynamic banks in the region. With Lou Myers on board as our new Chief General Manager, I am confident that we can can build on our platform of growth and deliver even more for our customers and shareholders,” Mr. Alghanim concluded.

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