Al Hilal Bank announces further senior appointments

Tuesday 28 November 2017
Abu Dhabi - MENA Herald:

Al Hilal Bank has recently announced two new appointments of Sebastian Frederiks as the New Head of Global Markets & Financial Institutions and Wael Alashqar as the New Head of Financial Institutions MENA.

Sebastian Frederiks is the Head of Global Markets & Financial Institutions, responsible for growing the bank’s relationship with regional and international Financial Institutions and Non-Bank Financial Institutions, bringing 15 years of experience into the Bank.

Prior to joining Al Hilal Bank, Sebastian held several positions at National Bank of Abu Dhabi (NBAD), including Managing Director - Head of Non-Bank Financial Institutions & Global Liquidity Sales. He also worked at Standard Chartered Bank Plc in Dubai as Manager in Structured Products. He started his career at ABN AMRO Bank in Amsterdam as a Management Trainee moved upwards to Relationship Manager and Treasury Advisor within the Corporate Clients Unit.

Wael Alashqar will spearhead the implementation of Al Hilal Bank’s strategy in the MENA region. Wael Alashqar is a seasoned banker with 15 years of experience in the field of Financial Institutions in the MENA region. Prior to joining Al Hilal Bank, he worked for 10 years in the Financial Institutions Group for National Bank of Abu Dhabi (NBAD).

Commenting on Sebastian’s appointment; Alex Coelho, CEO of Al Hilal Bank, said: “Sebastian enjoys a diverse experience and a solid track record in financial institutions and global markets, and I am confident that he will exceed our expectations at Al Hilal Bank.”

In reference to Wael Alashqar’s most recent position as Head of Financial Institutions MENA, where he was responsible for a sizable portfolio of clients across multiple countries and products; Alex Coelho, commented: “Wael’s work ethic and professional achievements make him the ideal candidate to head the Financial Institutions MENA department. At Al Hilal Bank, we always go the extra mile, making it our primary objective to exceed the client’s expectations. With Sebastian and Wael leading our Financial Institutions and Global Markets business, I am positive that Al Hilal Bank will reach new heights.”

Rated A1 by Moody’s and A+ by Fitch, the highest ratings awarded to an Islamic Bank in the UAE and recognized as the Safest Islamic Financial Institution in the GCC by Global Finance in 2016 and 2017, Al Hilal Bank is one of the fastest growing, government-owned banks in the GCC.

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