January, 25, 2018
Aaron Russell-Davison, a veteran Banker with over 20 years of experience, has been appointed to the Board of Directors of Amana Bank in the capacity of an Independent Non-Executive Director.
Russell-Davison’s experience across banking and financial institutions includes capital markets, bond and loan syndication, sales, trading, portfolio management and brokerage, amongst other senior banking positions across various countries.
Most recently, his tenure at Standard Chartered Bank, Singapore spanned over 6 years at the most senior levels of Capital Markets, as the Global Head of Debt Capital Markets. He also has served as Director, Capital Markets in prominent global institutions such as Credit Suisse, Hong Kong, Standard Bank of South Africa, Hong Kong, and Hypo-Vereins Bank, London.
In addition, he has held Board positions as an Independent Non-Executive Director of leading financial institutions, whilst serving in the capacity of Chairman - Group Risk Committee and as a member in the Group Audit, Remuneration and Related Party Committees.
Russell-Davison has worked across multiple geographies and cultures with a strong Asian aspect, and holds a Bachelor of Arts (Asian History and Politics) from the University of Western Australia.
Commenting on his appointment to the Amãna Bank Board, Chairman of the Bank Osman Kassim said “We are honoured to have an individual of Aaron’s caliber on our Board. He brings in a wealth of experience and his exposure to the various fields of banking will be of great benefit for the Bank.”
Russel-Davison will join the Board of Directors of Amãna Bank which consists of Osman Kassim (Chairman), Tyeab Akbarally (Deputy Chairman and Non-Executive, Non-Independent Director), Jazri Magdon Ismail (Non-Executive, Independent Director), Haseeb Ullah Siddiqui (Non-Executive, Non-Independent Director - Representative of Islamic Development Bank Saudi Arabia), Wahid Ali (Non-Executive, Non-Independent Director - Representative of Bank Islam Malaysia), Harsha Amarasekera, PC (Non-Executive, Non-Independent Director), Rajiv Nandlal Dvivedi (Non-Executive, Independent Director), Dilshan Hettiaratchi (Non-Executive, Independent Director), Faheemul Huq (Non-Executive, Non-Independent Director - Representative of AB Bank Bangladesh).
Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with a capital base of over USD 150 Billion which has a membership of 57 countries. Fitch Ratings, in October 2017, affirmed Amãna Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.