Takaud appoints new sales management team to support ongoing growth

Aug 30 2014

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Bahrain -30th August 2014, TAKAUD, the specialist savings and pensions provider for the MENA region, today announces that it has strengthened its business with the appointment of an experienced sales management team, which will be based in Bahrain. The new appointments include Loay Ragheb as Chief Distribution Officer and Jason Reeves and Nabil Karameh both as Senior Managers responsible for regional distribution.

Mr. Ragheb has over 20 years of regional and international experience in the financial services industry. Prior to taking up his new role at TAKAUD, he was Head of Wealth Management Group Benefits for National Bonds Corporation in Dubai, UAE. In this role, he managed the IDIKHARI initiative with the Dubai Government and its 42 institutions. Previously, he held senior positions at Royal Bank of Canada, Universal Private Asset Management and Investors Group Corporation in Montreal, Canada. He holds a B.Com degree in International Business from Concordia University.

Mr. Reeves has worked in the banking and insurance sector for over 20 years and was previously Private Client Director at Fisher Investments Europe, where he advised high net worth individuals on investment solutions and asset allocation. Prior to this he was head of SME banking at BMI Bank (formerly Bank Muscat International). Earlier in his career, he held senior advisory positions at Barclays Bank and Aviva. He holds a B.Sc. in Economic and Social History from the University of Birmingham alongside a number of professional certificates in financial planning, mortgage advice and pensions.

Mr Karameh has 20 years of industry experience in sales, marketing and the underwriting of Individual and Group Life, Health and Employee Benefit Schemes. He has held senior positions most recently at Medgulf Allianz Takaful in Qatar and previously at Gulf Life Insurance Company (a subsidiary of Gulf Insurance Company) in Kuwait and Libano Suisse Insurance Company in Lebanon. He is a graduate from the Lebanese American University and a holder of a diploma from the Chartered Insurance Institute as well as the Professional Insurance certificate from the Bahrain Institute of Banking and Finance.

Commenting on the new appointments, Mr. Eric Van Biesen, Acting Chief Executive Officer TAKAUD, said: “Our new appointments underpin the on-going growth momentum of our business as we focus on expanding our direct and third party distribution channels (banks, financial intermediaries, professional consultants) to support the on-going rollout of our innovative savings and pension solutions for both Retail and Corporate clients across the region. As we focus on recruiting leading industry talent, we are committed to delivering a best-in-class service to our client base. I would like to welcome Loay, Jason and Nabil on board who are all highly qualified and whose in-depth knowledge and experience will play a key role in our on-going expansion.”

-Ends-

About TAKAUD Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain. TAKAUD specialises in providing long term savings and pensions solutions to individuals and corporations in the local and expatriate communities across the MENA region. TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank a member of The KIPCO Group. The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32 billion as at 31 March, 2014. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

TAKAUD Savings and Pensions B.S.C. (c),
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65 167| Manama| Kingdom of Bahrain
Office: (+973) 17511611
Email: info@takaud.com
www.takaud.com

Media Contacts:
Ghizlane Rahali
Takaud Savings and Pensions
Email: ghizlane.rahali@takaud.com
Mobile: +97317511611

Shane Dolan
FTI Consulting
Email: shane.dolan@fticonsulting.com
Direct: +971 4 437 2109

© Press Release 2014


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Saturday, August 30th, 2014 EN

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