Zain Group promotes AbdulGhaffar Setareh to Chief Risk Officer


AbdulGhaffar Setareh-Zain Group Chief Risk Officer.

Zain Group, the main telecom innovator throughout the Middle East and Africa pronounces the promotion of Kuwaiti nationwide, AbdulGhaffar Setareh to the place of Chief Risk Officer (CRO) for Zain Group.

The newly created government position will see Mr Setareh reporting to the Board Risk Committee, being answerable for delivering the worldwide danger framework and technique throughout all operations inside Zain Group.

An completed company government with over 30 years of operational, engineering, insurance coverage and danger administration expertise in cellular telecommunications and know-how sectors throughout the Middle East and Africa, Setareh first joined Zain in 1995 as a senior transmission engineer, having spent the earlier 10 years with the Kuwait Ministry of Communications engineering division.

Setareh has led the Zain Group Risk Department, as its Director since July 2005 and beforehand to that was the corporate’s Corporate Security Manager, a place he held since 2002. Key milestones throughout his spectacular tenure so far embrace the institution of an enterprise-vast danger administration framework for all enterprise models at each degree throughout Zain Group, which included eight Middle East operations (2005 to 2015) and 15 African operations (2005 to 2010). He additionally established group-broad Information Security and Business Continuity Management initiatives based mostly on international main practices and oversaw a gaggle-extensive Insurance program for over sixteen,000 staff and households.

Commenting on the appointment, Zain Group CEO Scott Gegenheimer stated, “It is a pleasure to advertise AbdulGhaffar Setareh demonstrating the significance that the corporate locations on fulfilling its human assets coverage to develop its individuals and capitalize on gifted leaders from inside.”

Gegenheimer continued, “Risk Management is a prime precedence at Zain and significant to the corporate’s future prosperity. Mr. Setareh’s in depth expertise will guarantee we proceed to reinforce the operational effectiveness of the Group’s danger oversight and management assurance processes, which is essential to our efforts to rework into an built-in digital way of life operator, with a specific emphasis on enterprise options.”

As the Zain Group Chief Risk Officer, Setareh will proceed to advertise danger administration tradition all through the Group, often enhancing the enterprise-large danger governance framework at present in place and making certain that the Group’s danger ranges and enterprise processes are in line with its danger urge for food, inner danger insurance policies, and regulatory necessities for danger administration.

The incoming Zain Group CRO, AbdulGhaffar Setareh stated, “I recognize the arrogance that has been positioned in me by the Zain Group Board Risk Committee and senior administration, and look ahead to additional strengthening the corporate’s danger administration capabilities and making certain that Enterprise Risk Management at Zain is a enterprise and strategic enabler in attaining our goals.”

Setareh graduated with a Telecommunications Engineering diploma from the Ecole Nationale des Telecommunications, Rabat, Morocco in 1984 and is fluent in Arabic, English, and French. An Affiliate of the London based mostly Institute of Risk Management, Setareh is a Certified Information Security Manager (CISM) and Certified in Risk and Information Systems Control (CRISC).

Source: Press Release