NCB Leads Treasury Recruitment Drive As Saudi Banks Expand In FX Dealing
BANKS
Saudi Arabia's major commercial banks are expanding treasury operations and foreign exchange dealing as a way of meeting customer needs and a source of income in their own right, bankers in Riyadh say.
The Jeddah-based National Commercial Bank (NCB), owned by the Bin Mahfouz family, is in the process of recruiting a head of treasury, having already hired Michael Callen, head of Citibank's domestic treasury operations until February 1992 and a former managing director of Citibank affiliate Saudi
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