Jul 01 2014
Manama 1 July 2014
For immediate release. In keeping with its commitment to provide innovative research in the banking and finance field, the Bahrain Association of Banks (BAB) has signed a Memorandum of Understanding (MoU) with the newly-formed firm 21st Century Consulting (21CC).
At the signing ceremony at the BAB offices, BAB CEO Robert Ainey said: “One of the main objectives of a banking association is to produce research on the banking sector for business leaders and policy makers. Given BAB’s limited resources it is more efficient for the Association to out-source research to firms who have the skills and knowledge base to make a meaningful contribution.”
21CC’s Managing Director Dr Mohammad Omar Farooq added: “Our company represents a group of highly-qualified, experienced professionals with a mission of providing consultancy, research and human capital development related services to help address the competitive challenges of the 21st Century in the MENA region and beyond. Some of our consultants have already collaborated with Bahrain Association of Banks (BAB) on some important research projects focused on Bahrain.
“With a global network of researchers and consultants, we look forward to working with BAB in fostering a research culture and building research capacity in general in Bahrain; together we will undertake specific collaborative projects that enhance research-based consultancy and human capital development.”
Chairman of 21CC George Middleton commented: “The main objective of this association is to help promote the highest standards of ethical banking standards through the proliferation of knowledge, education and research in this sector. The combined expertise and experience available at 21CC and BAB will, I believe, ensure the desired success of this collaborative venture.”
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About the Bahrain Association of Banks (BAB)
BAB, established by a Ministerial decree in 1979, brings together almost 70 banking institutions of all sizes and charters in the Kingdom of Bahrain and works towards enhancing Bahrain’s image as the financial hub of the Middle East. BAB’s mission is to serve its members by representing and advocating the interests of the Kingdom’s banks and showcasing them as pre-eminent providers of financial services in the region. Working closely with the Central Bank of Bahrain, BAB assists it with formulating banking policy and regulation.
For further information please contact: Abdullah J Wallace, Publisher and Head of External Relations
Telephone: (+973)1782 3000; Email: publisher@banksbahrain.org
© Press Release 2014
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