October 7, 2020 banking

NBK Group CFO to retire after 20 years with the bank

National Bank of Kuwait Group has announced the retirement of its group chief financial officer Jim Murphy after 20 years at the bank, effective October 31.

A press release from the bank confirmed that Sujit Ronghe, financial controller, will be Acting Group CFO commencing November 1.

Isam Al-Sager, NBK Group CEO said: “On behalf of NBK’s board and management team, I would like to thank Jim for his commitment, dedication and highly valued contributions to the growth and development of the NBK Group during his many years of service at the Bank.

“Jim’s exceptional leadership skills together with his extensive financial expertise have been of tremendous value to NBK over the years.”

Murphy’s retirement follows the resignation of the bank’s CEO of International Banking Group, Georges Richani, who stepped down in September citing personal reasons.

The bank also issued a press release last month clarifying its naming in the FinCEN files leak, saying it was linked to $1.3 million of transactions between 2011 and 2014, 0.00007 percent of the total revealed by the leaked documents.


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