The board of directors of Alawwal Invest has approved the appointment of Ali Al-Mansour as CEO of the company as of October, succeeding Mazen Bunyan, who will remain an adviser to the board until the end of 2021.
Al-Mansour has nearly 20 years of experience in the field of investment strategy development, investment governance and portfolio management for public and private asset classes.
During the previous years, Al-Mansour assumed several roles in a number of reputable institutions and held many leadership positions. He was head of portfolio management and supervised several large investment portfolios at Saudi Aramco. He later worked as head of investment management advisory at Jadwa Investment.
Most recently, Al-Mansour worked on restructuring the investments of the Public Pension Agency under its investment arm, Raidah Investment Company. In his new role, Al-Mansour will be responsible for planning and implementing the business strategy for Alawwal Invest.
Khalid Al-Mulhim, chairman of the board of directors of Alawwal Invest, said: “We are pleased to welcome Mr. Al-Mansour to the position of CEO of the company. We are so confident that he will play a pivotal role in this important historical juncture of the company, and in achieving its strategic goals and expansion plans.”
The chairman further extended his sincere thanks and appreciation to Bunyan for the role he played during the previous period and wished success to all.
Alawwal Invest provides investment management solutions to both retail and corporate clients in the Kingdom. As a wholly owned subsidiary of SABB, Alawwal Invest aims to provide its clients with a seamless experience in the areas of wealth management solutions, local or international brokerage platforms, and a comprehensive choice of world-class investment opportunities.