Banque Saudi Fransi appoints new heads of compliance, audit

04/12/2017 15:32 AST

Banque Saudi Fransi (BSF), facing a potential fine over irregularities in an employee incentive programme, has appointed new heads of compliance and audit, according to a source familiar with the matter.

Abdulaziz al-Bani, previously senior director of compliance at Al Rajhi Bank , recently joined Saudi Arabia's fifth largest lender by assets as chief compliance officer, the source said.

Al-Bani's LinkedIn page said he had joined the bank in November.

Abdulmohsen al-Rayes, previously at Arab National Bank , recently joined BSF as chief audit executive, according to the source and al-Rayes's LinkedIn page.

The source said the hires were part of a restructuring of all departments at the bank that started in 2016.


Reuters

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