Esterad Bank Welcomes Fajer Al Pachachi as COO

Facebook
Twitter
LinkedIn
Fajer Al Pachachi as its new Chief Operating Officer (Image Courtesy: LinkedIn )
Fajer Al Pachachi as its new Chief Operating Officer (Image Courtesy: LinkedIn)

Esterad Bank B.S.C, a wholesale Islamic bank licensed by the Central Bank of Bahrain, has announced the appointment of Fajer Al Pachachi as its new Chief Operating Officer (COO).

A seasoned executive with more than 16 years of experience across investment management, strategic planning, operations, and business development, Ms. Al Pachachi joins the Bank at a pivotal time in its transformation as it continues to strengthen its senior leadership team and operational platform.

In her role as COO, Ms. Al Pachachi will oversee several critical business functions, including strategy, legal, operations, administration, fund administration, information technology, corporate communications, and investor relations. She will also play a key role in driving execution across the Bankโ€™s core activities, enhancing internal controls and efficiency, and supporting future growth across its investment and client engagement platforms.

Her appointment marks another significant step in Esterad Bankโ€™s restructuring journey, building on the positive momentum of 2024, which saw the Bank return to profitability, execute new strategic investments, successfully exit legacy assets to return money to investors, and implement cost optimization initiatives.

Prior to joining Esterad Bank, Ms. Al Pachachi most recently served as General Manager of Hope Ventures, the investment arm of Hope Fund, where she led the firmโ€™s corporate and investment strategy and operations across multiple departments. Previously, Ms. Al Pachachi was a Senior Manager of investment Development (Technology & Innovation) at the Bahrain Economic Development Board, where she attracted significant levels of foreign direct investment into the Kingdomโ€™s technology sector. She has also held positions at Instrata Capital, Maalem Holding, and Addax Bank, across marketing, strategic business development, and investment management.ย 

Mr. Ahmed Abdulrahman, Acting CEO of Esterad Bank. (Image courtesy: Esterad Bank)

Commenting on the appointment, Mr. Ahmed Abdulrahman, Acting CEO of Esterad Bank, said, “We are pleased to welcome Fajer to Esterad Bank as Chief Operating Officer. Her extensive track record in building high-performing teams, driving operational excellence, and scaling investment platforms makes her a strong addition to our leadership team. Her appointment is also another important milestone in our transformation journey, reinforcing our commitment to strong governance, operational efficiency, and value creation for our investors and shareholders.”

Esterad Logo (Image Courtesy: Esterad official website)

Ms. Al Pachachi added,ย “Iโ€™m excited to be joining Esterad Bank at this key moment in its journey. The Bankโ€™s financial turnaround and renewed strategic focus provide a solid platform for continued progress. I look forward to enhancing our operating framework, supporting business growth, and ensuring we deliver strong outcomes for both our clients and investment partners.”

Ms. Al Pachachi holds a Bachelor of Business Commerce from Concordia University in Canada and currently serves on multiple boards, including the Chair of the Technology & Digital Economy Committee at the Bahrain Chamber of Commerce and Industry.

Source

Share.

RELATED POSTS

Muhami, the leading platform for free and credible legal guidance and She Knows Best (SKB), a community-driven platform dedicated to empowering women through connection and advice, are proud to announce their partnership. Image courtesy: SKB
Muhami and SKB Forge Partnership to Empower Women In UAE
Fakeeh Care recently announced the appointment of Dr Sohail Bajammal to the role of CEO of Dr Soliman Fakeeh Hospital, Jeddah. Image: Courtesy Fakeeh Care
Dr. Soliman Fakeeh Hospital Onboards Dr. Sohail Bajammal as CEO
Janey Schueller. Image Courtesy: Scintilla
Scintilla Appoints Janey Schueller as new Chief Compliance Officer

LATEST POSTS

Representational Image (Image Courtesy: DC Studio taken from Freepik)
Representational Image (Image Courtesy: vershinin89 taken from Freepik)
Chris Erasmus, Country Manager, UAE, Rest of Middle East and North Africa at AWS, and Dr. Imran Shaikh, Technology Director at Virgin Mobile UAE. Image Courtesy: Virgin Mobile
Sobha SkyParks on Sheikh Zayed Road. Image Courtesy: Sobha Realty