BNY (NYSE: BK), a global financial services company, today announced that Alaa AlMashhadi has been appointed as Managing Director and BNY Saudi Arabia Country Manager, effective immediately. He has also been appointed CEO of BNY’s legal entity in Saudi Arabia.
Alaa will lead BNY’s efforts to advance the Kingdom’s capital markets infrastructure, fostering sustainable growth and enhancing the financial ecosystem to achieve long-term resilience and prosperity. Alaa’s appointment strengthens BNY’s local presence in this significant growth market and enhances our ability to help clients unlock new opportunities.
“Alaa’s appointment comes at a transformative moment for the Kingdom’s financial services industry,” says Hani Kablawi, Head of International, BNY. “Under his leadership, BNY remains committed to supporting Saudi Arabia’s Vision 2030 by working with government entities, local financial institutions and businesses to achieve their ambitions.”
Alaa joins BNY from The Saudi Credit Bureau (SIMAH), where he served as Chief Business Development Officer, and board member of its analytics subsidiary, Qarar. He brings two decades of experience across banking and digital transformations within Saudi Arabia’s leading financial institutions.
“BNY’s recent establishment of its regional headquarters in Riyadh strengthens our local presence and reflects our long-term commitment to the Kingdom’s strategic investment objectives,” says Alaa AlMashhadi, Saudi Arabia Country Manager, BNY. “I look forward to supporting the Kingdom’s capital markets development and economic transformation.”
Alaa holds a Bachelor’s degree in International Banking and Finance from Sheffield Hallam University and an MBA from The University of Sheffield in the UK. He is a graduate of the MISK 2030 Leaders Program, a CISI-certified CME-1 holder, and a Board Diploma graduate from IMD Business School, Switzerland, specializing in governance, risk, and strategic leadership.
