Al Rayan names new chairman

Al Rayan Bank has appointed Michael Williams (pictured above) as chairman of its board of directors, subject to regulatory approval.

Taking up the position on 1st October, Michael will replace Malcolm Brookes, who has served as interim chairman since October 2020 and who will resume his role as senior independent director.

Michael, whose career spans over 35 years, also serves as chairman at Walbrook Asset Finance and chairman at Marubeni Komatsu Equipment Finance. 

Prior to this, he was deputy chairman at Bank of London and The Middle East (BLME) from 2012 to 2021.

“I am excited to have been appointed chairman of the board,” said Michael.

“I look forward to working with the board and management team and am very confident that the bank can capitalise on the opportunities that lie ahead as the UK economy emerges from the impact of the pandemic. 

“On behalf of the bank, its board and shareholders, I would like to thank Malcolm Brookes for his leadership and guidance as interim chairman.”

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