Commercial Bank International announces senior appointments

27-Nov-2011

Commercial Bank International (CBI) has made two senior appointments to its executive team.

Dubai, UAE, November 27th 2011:

Commercial Bank International (CBI) has made two senior appointments to its executive team.

David Power has joined the bank as Head of Retail Banking. A South African national, Power joins CBI from the National Bank of Oman where he held the title of General Manager of Retail Banking.

Power brings a wealth of experience to the role, including posts with Standard Bank of South Africa, Nedbank and Gulf Bank in Kuwait. He will be leading the growth plans of Retail Banking for CBI.

Peter Cannizzaro has been appointed to the role of Chief Operating Officer. Cannizzaro will be responsible for Information Technology, Human Resources, Centralised Operations, Corporate Communications and Marketing, and Corporate Administration departments.

An Australian national, Cannizzaro brings to the role a wealth of banking experience. Prior to his appointment with CBI he was Chief Operations Officer with the Commercial Bank of Qatar. His experience also includes senior roles with National Australia Bank and Commonwealth Bank of Australia.

Kris Babicci, Commercial Bank International Chief Executive Officer, commented: "David and Peter bring to the CBI team a host of specialist experience, gained both internationally and within the Middle East. We are delighted to have them on board and look forward to working with them to further CBI’s standing in the market."

"Both have a proven track record of transforming the organizations they have been involved with. As the financial marketplace becomes increasingly competitive, it is imperative that we continue to focus on enhancing products and operational platforms to ensure we are delivering service excellence to our customers. It is this customer focus that continues to keep CBI top of mind with businesses and investors and will ensure our further success in the market" concluded Babicci.