Following permission from the Central Bank of Kuwait, Burgan Bank has announced the appointment of Tony Daher as its new Group Chief Executive Officer (GCEO).
Daher will start performing his duties and taking on responsibility. Masoud M. J. Hayat, who has been the GCEO since April 2019 and Vice Chairman since 2013, is replaced by him.
Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah, Chairman of Burgan Bank, said: “Tony Daher’s expansive banking and financial experience, not to mention his excellent track record of values-driven leadership, will bring renewed energy to the Bank to continue implementing its strategic priorities and fulfilling its corporate responsibilities. Today, I am more confident than ever in Burgan’s unique position to deliver unparalleled value to its customers and long-term growth to all its stakeholders. On behalf of the Board of Directors and all Burgan staff, I would like to extend a warm welcome to Daher, and we look forward to working with him on continuing Burgan’s success.”
Daher helps Burgan Bank advance its goal of becoming the community's go-to financial partner by bringing more than 25 years of experience and solid industry knowledge. Daher held the positions of Gulf Bank's Deputy CEO from 2013 to 2016 and CEO from 2016 to 2023 before to joining the Bank.
He formerly held notable positions at National Bank of Kuwait, including General Manager for Domestic Corporate Banking from 2011 to 2013 and Head of the Domestic Multinational division from 2007 to 2011.
Earlier in his career, Daher also worked for the National City Bank in the US, where he had a number of positions in the areas of capital markets, corporate banking, project finance, and structured finance.