April 23, 2024

Talha Karim Appointed As ADIB’s New Group CRO

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ADIB appoints Mr. Karim as they envision that he will play a crucial part in further strengthening ADIB’s risk management capabilities
Talha Karim ADIB's New Group Chief Risk Officer. Image Courtesy: Abu Dhabi Islamic Bank (ADIB)

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, recently announced the appointment of Talha Karim as its new Group Chief Risk Officer (CRO).

Industry sources added that during his stint as the Group’s Chief Risk Officer, Mr. Karim will play a crucial part in further boosting ADIB’s risk management capabilities, ensuring the bank continues to proactively identify and manage risks while supporting its strategic objectives for sustainable growth and value creation.

Mohamed Abdelbary, Acting GCEO at ADIB

Commenting on the appointment, Mohamed Abdelbary, Acting GCEO at ADIB, stated: “We are delighted to welcome Talha to ADIB as our new Group Chief Risk Officer. His extensive experience, strategic acumen, and deep understanding of global risk dynamics will be invaluable as we navigate the evolving landscape of financial risk and regulatory requirements. I am confident that Talha will make significant contributions to our risk management framework and help drive ADIB’s continued success in delivering exceptional value to our customers and stakeholders.”

Talha Karim expressed his enthusiasm for joining ADIB, stating: “I am honored to join ADIB, a pioneering institution renowned for its commitment to Islamic banking and excellence in risk management. I look forward to collaborating with the talented team at ADIB to further enhance the bank’s risk management capabilities and support its vision of becoming the world’s most innovative Islamic banks”.

Industry sources affirmed that Mr. Karim is a Risk Management Veteran in the Banking arena with over 25 years of golden expertise and has operated in both developed and emerging markets. He has led and implemented comprehensive and effective risk-related frameworks, ensuring all risks are effectively managed within the defined risk appetite.

Before ADIB, Talha was associated with the Bank of Montreal in Canada and he then joined Toronto Dominion Bank. He later moved to Bank ABC, Bahrain where he held various senior roles in Risk Management. In 2009, he joined CIB Egypt and held multiple positions including Chief Risk Officer & member of the Executive Committee.

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