SICO BSC (c), one of the leading regional asset managers, brokers, market makers, and investment banks with physical presence in Bahrain, Saudi Arabia, and the UAE, announced the appointment of Mr. Ali Marshad to the newly-created post of Group Deputy Chief Executive Officer for Buyside Business. The appointment is effective immediately, following approval from the Central Bank of Bahrain.
The creation of this new position is in line with the bank’s commitment to global best practices in specialisation and corporate governance. It will also yield a focused client engagement and service delivery. As Group Deputy CEO for Buyside Business, Mr. Marshad will add depth and continuity to the bank’s senior management team and play a pivotal role in driving SICO’s strategic development across the GCC region.
Commenting on the appointment, Najla Al Shirawi, Group CEO of SICO, said, “Ali has consistently demonstrated strong leadership and professional excellence throughout his career, and we are proud of his many achievements over the years. His appointment as Group Deputy Chief Executive Officer for Buyside Business reflects our deep confidence in his ability to further support SICO’s strategy and drive continued growth across the region.”
Ali Marshad commented, “I am honoured by the trust placed in me to take on this expanded role. SICO has a long and successful history of leadership in capital markets, and I am incredibly proud of what our team has accomplished. I look forward to contributing to our collective vision and building upon our leadership position to deliver exceptional value to our clients and shareholders.”
Ali Marshad brings over 19 years of experience in asset management, investments, treasury, and brokerage. He joined SICO in 2008 as an Analyst in the Investments and Treasury Division, later establishing and leading the Fixed Income Desk in 2012 before being promoted to Head of Fixed Income in 2015. He also serves as a Board Member of SICO Capital in Saudi Arabia. Prior to joining SICO, Ali gained international experience in the UK as an Analyst with Mercer Investment Consulting and as a Performance Analyst with UBS Global Asset Management in London. A Chartered Financial Analyst (CFA), he holds a Bachelor of Science (Honours) in Banking, Finance, and Management from Loughborough University, UK.
