British Arab Commercial Bank (BACB) makes three key board appointments - Business Leader News

British Arab Commercial Bank (BACB) makes three key board appointments


Specialist trade bank for African markets, British Arab Commercial Bank (BACB), recently made three key Board appointments: Head of the Investment Portfolio Department at Libyan Foreign Bank (LFB), Faesal Othman; LFB Legal & Compliance Expert, Aiman Laswad and former Chief Executive Officer of Bank ABC, Paul Jennings.

BACB also welcomes back Faesal Kh. Ali Khalil Othman, Head of the Investment Portfolio Department at LFB – BACB’s primary shareholder – as a Non-Executive Director. Othman, who over his 24-year career has held several senior roles, including Head of Treasury and Capital Market Department at ARESBANK in Madrid, previously served on BACB’s Board of Directors from 2017 to 2019.

Aiman Hussein Laswad joins as a Non-Executive Director. A private lawyer and member of the Bar Association in Tripoli, Laswad has held senior positions in LFB’s legal department and compliance unit, as well as being the FATCA responsible officer at the Bank since 2019.

Paul Jennings BACB

Paul Jennings, Independent Non-Executive Director at BACB

Paul Jennings joins BACB as an Independent Non-Executive Director and has over 40 years’ wholesale banking experience in the City of London. He has spent the past 20 years at ABC International Bank plc in a variety of roles and prior to his appointment as Managing Director & CEO in 2015, he was Group Head, Global Trade Finance for ABC Group. Previous experience also includes positions covering trade, commodity and structured export finance at London Forfaiting Company, Singer & Friedlander, Mitsubishi Bank and Lloyds Bank. Jennings is also a Board member of the Libyan British Business Council (LBBC) and the Arab Bankers Association.

“Strong governance is key to supporting BACB’s strategy of sustainable profitable growth”, said Michael Stevenson, BACB’s Chairman, regarding these appointments. “The Board is committed to maintaining industry-leading expertise to ensure that we work optimally with the Executive towards achieving BACB’s strategic objectives. Faesal, Aiman and Paul embody this and we look forward to their insights and fresh perspectives.”