People Moves
US Banking Group Makes Senior MENA Appointments
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The US bank names two senior women for leadership roles in the MENA region.
Northern
Trust has made two senior female hires for its Middle East
and Africa management team in the Kingdom of Saudi
Arabia.
Areej Al-Mokbel has been appointed chief operating officer for
the Middle East and Africa, responsible for overseeing business
operations for Northern Trust’s offices in Riyadh, Saudi Arabia
and Abu Dhabi, and the United Arab Emirates.
“She is tasked with the day-to-day and strategic management of
Northern Trust’s administrative and operational capabilities as
it supports the evolving requirements of clients across the
Middle East and Africa,” the US-based banking group said in a
statement earlier this week.
Al-Mokbel has more than 20 years of experience working in the
financial services industry. She has spent more than 12 years
working in asset management and asset servicing, holding senior
management and business leadership positions with HSBC Saudi
Arabia. Prior to that, she held a number of technology management
positions with SABB, formerly known as the Saudi British
Bank.
Effat Badeeb has been appointed deputy country manager at The
Northern Trust Company of Saudi Arabia, overseeing the day-to-day
management of Northern Trust’s business. Her responsibilities
include business management, talent development and exercising
financial and regulatory oversight of business activities in the
Kingdom of Saudi Arabia.
She will also lead strategic initiatives to deepen relationships
with regulators and key stakeholders, and support the alignment
of Northern Trust’s business with the Kingdom’s Vision 2030
strategic framework for the diversification and development of
its economy.
Badeeb has 14 years’ experience in the financial industry, having
previously held senior positions with HSBC Saudi Arabia and BNP
Paribas Investment Company. Prior to her current role, she was
Northern Trust’s chief compliance officer for the Middle
East.
Both these individuals report to Michael Slater, head of Middle
East and Africa at Northern Trust.
