Kuwait’s Burgan Bank appoints new GM for private banking and wealth management

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Kuwait-based Burgan Bank has named Meshari Abduljalil Shehab as its new general manager of private banking and wealth management, after receiving all the required approvals from the Central Bank of Kuwait.

In his new role, Shehab has been tasked with leading the bank’s private banking and wealth management roadmap and expansion strategies, while also adhering to “conscious and inclusive banking practices”.

With a banking career spanning over two decades, Shehab brings “a wealth of expertise” across private and affluent banking, risk management and investments. His earlier work experience extends to a number of banks across Kuwait, including the National Bank of Kuwait, Gulf Bank and Ahli United Bank.

Prior to joining Burgan Bank, he served as deputy general manager of private banking and wealth management at Ahli United Bank for nearly five years.

Commenting on Shehab’s appointment, Burgan Bank CEO Fadel Mahmoud Abdullah said: “Considering his vast experience, I am confident that he will add a lot of value to his department and Burgan Bank as a whole and contribute greatly to our institutional success and accomplishment.

“Private banking and wealth management marks a pivotal expansion for Burgan Bank’s involvement in the Kuwaiti banking sector and the scope of services that we offer our premium clientele,” he added.

Founded in 1977, Burgan Bank offers retail and private banking services, as well as serving corporates and the financial institution sector. Through majority-owned subsidiaries, the Burgan Bank Group functions across the Middle East and North Africa (MENA) region, with operations in Algeria, Tunisia, Turkey and the UAE.

Burgan Bank is a majority-owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.

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