Dubai’s Network International appoints new CEO
Simon Haslam succeeds Bhairav Trivedi, who will continue to serve as an adviser to the Network International board
Network International, the largest payment processing firm across the Middle East and Africa, has appointed Simon Haslam as chief executive, it said on Sunday.
Haslam, who was previously the president and chief executive of US-based Elavon, succeeds Bhairav Trivedi, who will continue to serve as an adviser to the Network International board and also work on special projects for the firm during the transition period.
The Dubai-based company is jointly owned by Emirates NBD, Dubai’s largest bank, and private equity firms, Warburg Pincus and General Atlantic.
UAE central bank raises policy rate 25 bpsAnnouncement came after US Fed raised interest rates by a quarter point Economy
Bahrain’s Bank Alkhair gets nod to sell stake in Pakistan’s Burj BankAl Baraka Pakistan to merge with Burj Bank to create institution with $1.1 billion ... Economy
Saudi's Riyad Bank recommends lower cash dividend for H2 2016Fourth-largest lender by assets said they will be aying a cash dividend of 0.30 ... Economy
Saudi central bank lifts home buyers’ bank loan-to-value ratio to 85 pctWill now be permitted to lend buyers 85 percent of the value of a home, up from 70 ... Economy