DUBAI Feb 19 Ray Ferguson, current chief
executive officer of Standard Chartered's Singapore
office, is to join Arab Banking Corporation (ABC), the
Bahrain-based lender said in a statement on Wednesday.
Ferguson, who has spent 28 years with the Asia-focused
lender and held roles including head of south east Asia as well
as Americas boss, will join ABC in the second quarter of this
year as group chief banking officer, the statement said.
Shares in ABC were trading 10 percent higher, their maximum
daily gain, on the Bahrain stock exchange at 0858 GMT.
ABC counts the Central Bank of Libya as its largest
shareholder with a near-60 percent stake in the lender, with
Kuwait's sovereign wealth fund also holding around 30 percent,
according to Thomson Reuters data.
(Reporting by Farishta Saeed; Writing by David French; Editing
by Olzhas Auyezov)