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About BankMuscat International (BMI)...
BMI, set up in January 2005, is a Retail Bank, registered in Bahrain and regulated by the Central Bank of Bahrain and offers all retail and commercial banking activities.
BMI has been set up in association with some of the strongest and most respected financial institutions from across the GCC region including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar (UAE) and Global Investment House (Kuwait).
BMI was set up with a vision to become a dynamic regional bank providing innovative and unique financial solutions. BMI recently received its license to open its first overseas branch in Qatar.
Strategic Alliance
Manama, Bahrain, October 24th, 2007: This week senior executives of Bahrain based BankMuscat International (BMI) and Aqua Resources Group met to agree a new strategic alliance. BMI who recently announced the appointment of Andrew Bainbridge as the Chief Executive Officer intends expanding into new markets throughout the region. As a leading financial institute in Bahrain’s economic sector BMI is expanding its senior executive team to meet demand.
Aqua Resources Group, based in Seef, is now working hand in glove with senior officials at the bank to source talent from throughout the region. The group, which has developed its services in the GCC over the last four years, is using a specialist executive search team to find and screen world-class talent for BMI.
Commenting on the new partnership Andrew Bainbridge, CEO of BMI, said "Using Aqua enables us to focus on our many and exciting challenges whilst bringing on the right talent in line with our recruitment strategy. The team at Aqua understands our needs and have sophisticated processes that maximise our coverage of the marketplace..."
Contracts were signed this week between the parties reflecting the synergy between the organisations. Aqua Resources Group has always specialised in the financial sector and with the company's unique capabilities in Executive Search is well poised to support the region's growing demand for world-class professionals.
Aqua’s CEO, Matt Thompsett says "BMI typifies the sort of client that we actively seek to work with. BMI's senior team have a vision for the future that is both competitive and dynamic, it helps us to attract the right candidates..."
The region has a phenomenal appetite for talent in many sectors led by finance and engineering. A key ingredient for continued growth is the acquisition of the right talent, not exclusively from abroad but also from Bahrain’s own skills pool. Both companies support the integrity of the kingdom's employment strategy, BMI for example has just employed a large pool of graduates from the BIBF as part of a strategy to develop the leadership of the future.
For further information, please contact: Matt Thompsett, CEO, Aqua Resources Group
