UNITED ARAB EMIRATES – Noor Islamic Bank appoints new chief risk officer

March 2013

NOOR Islamic Bank has announced the appointment of Narendra Swarup as chief risk officer (CRO). In his role, Swarup is responsible for all the risk functions of the bank. These include credit, market, operations as well as compliance and governing information security, protecting against fraud and guarding intellectual property through developing internal controls. He is also mandated to ensure the group’s compliance with government regulations and review factors that could negatively affect investments, or Noor’s diversified units.

Swarup brings with him more than 25 years of experience in risk management in sovereign funds and international banks including Chase and ING. In addition to his expertise in wholesale and investment banking, retail and private banking and asset management, he is regarded as an industry expert in overseeing credit and operational risk, as well as compliance and governance. He has worked in the Singapore, India, UK, Hong Kong, Australia, and the GCC markets.

Dr Ahmed Al Janahi, group deputy CEO – NIG and head of Enterprise Risk and Governance, said, “I am confident that his vast and diversified experience and strategic acumen will prove a key value addition to our efforts to ensure the highest standards of risk management.”