New MD for Prime Bank

Rahel Ahmed has recently been appointed managing director of Prime Bank.

Prior to the appointment, he was a deputy managing director of the bank, the bank said in a statement yesterday.

Ahmed also worked as the bank's chief business officer. He also worked at ANZ Grindlays Bank and Standard Chartered Bank.

He served Emirates NBD Banking Group and First Gulf Bank in Dubai for seven years in senior roles, including that requiring specialisation in Islamic banking.

Ahmed has an MBA from the Maastricht School of Business, Netherlands.