BNP Paribas has appointed Tariq Al-Samahiji as CEO of BNP Paribas Najmah and Global Head of BNP Paribas Islamic Finance and Investments, with effect from September 1st, 2010. Tariq’s responsibilities cover the development of BNP Paribas’ Sharia compliant business in all geographies worldwide.
Tariq has been with BNP Paribas since 2002. Prior to taking on this new role, and since 2007, he was the CEO of BNP Paribas Investment Partners covering the MENA region. He was also the coordinator of all Investment Solutions activities, which included: Investment Partners, Personal Investors, Insurance, Wealth Management, Securities Services and Real Estate Services.
Commenting on his appointment, Alain Papiasse, BNP Paribas’ Global Head of Corporate and Investment Banking, said: “I am delighted to announce Tariq’s appointment. We are confident that his in-depth knowledge of the business and his experience with the Group will ensure further expansion of our Islamic products and services worldwide.”
Jean-Christophe Durand, Chairman of BNP Paribas Najmah steering committee & Head of Region, Middle East & Southern Africa, added “Tariq’s appointment is part of our continued plans for growth in the region. Najmah is an important and strategic component of our regional and international business model. Under Tariq’s leadership, we expect to see Najmah’s strong and continued growth.’
Najmah is the dedicated Islamic entity of the BNP Paribas Group. Established in 2003, and based in the Kingdom of Bahrain, Najmah aims to provide leading Islamic investment and financial solutions worldwide. Backed by the universal expertise and network of the BNP Paribas Group business lines, Najmah’s experienced Islamic specialists coordinate with the bank’s renowned Shariah (Islamic Law) board to structure, distribute and approve all transactions.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor’s i.e. 3rd rating level on a scale of 22.
BNP Paribas has been operating in the Gulf for over 35 years with a presence in five Gulf countries (Bahrain, United Arab Emirates, Qatar, Kuwait and Saudi Arabia). The teams also cover Oman and Yemen. BNP Paribas in the region accounts for approximately 725 employees. The Regional Management is based in Bahrain which is the regional hub for BNP Paribas in the Gulf.
Noofa Al Anni
Regional Media Relations Specialist
BNP Paribas - GCC Countries
P.O Box 5253, Manama, Kingdom of Bahrain
Tel:+97317866078 Ext 6078; Mobile: +97338380969
Brand and Communications Manager
BNP Paribas, North and East Asia