Local Business

Al Fardan Exchange makes senior lead-ership changes

Staff Report/Dubai
Filed on November 4, 2020
Hasan Fardan Al Fardan

(Supplied Photo)

Hasan Fardan Al Fardan as its CEO with immediate effect, succeeding Osama Al Rahma who will be taking up a position as an advisor

Al Fardan Exchange on Wednesday announced that its board of directors has appointed Hasan Fardan Al Fardan as its CEO with immediate effect, succeeding Osama Al Rahma who will be taking up a position as an advisor.

These leadership appointments are part of the company’s strategic realignment toward its fu-ture business plans. The company is already well underway to bolster its offerings and provide a seamless omnichannel customer experience.

“This is the right time to pass the baton to the next generation of leadership, given the contin-ued success of our business and to enable it to be more responsive to the ever-changing dy-namics of our industry,” said Fardan Hassan Al Fardan, the Chairman of Al Fardan Group.

“We are honoured to have had Osama Al Rahma as our CEO for nearly 3 decades, and the organisa-tion has grown from a few branches to being one of the top financial services companies in the UAE with a 65+ branch network under his leadership. He has laid the foundation for continued success and Hasan is the right leader to take us forward. His deep expertise in business, infor-mation technology and corporate best practices is just what we need to capitalise on the many opportunities the future holds.”

Hasan has been with Al Fardan Exchange since 2017 and was involved in multiple roles across various departments in the company, including heading up the governance restructuring team. He comes with many years of experience working across a number of business segments with a focus on finance and investments.

Prior to joining Al Fardan Exchange, he held multiple roles with the Abu Dhabi Investment Authority (Adia) and took the lead on numerous investments across different geographic jurisdic-tions. He holds a bachelor’s degree in Finance from Richmond and a master’s in real estate finance and investment from the University of Reading, Henley Business School, both in the UK.

“I am excited about what lies ahead for Al Fardan Exchange and our new leadership team. As we celebrate our golden jubilee next year we aspire to grow regionally and globally to provide customer centric solutions based on a robust bedrock of an ethnically diverse workforce, financial discipline and an advanced compliance framework. The current pandemic has accentuated the need to have multiple touchpoints to serve our customers. We have embarked on a digital transformation of the business which will encompass segments like cross border payments, forex solutions and value-added services” said Hasan Al Fardan.

-- business@khaleejtimes.com

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