Trust International Insurance & Reinsurance Company (Trust Re) has appointed Talal Al Zain (pictured) as group chief executive officer. He succeeds Fadi Abunahl, who served as CEO since 2006.
According from a statement from the Bahrain-based re/insurer, Al Zain brings with him broad regional and international experience from the US, Europe, and MENA markets, having held senior executive positions in the fields of banking and investment.
Most recently, he was founder and director of Jisr Capital. Prior to that, he was chief executive of PineBridge Investments Middle East, and co-head of alternative investments at PineBridge Investments. He also was a founding board member and the CEO of Bahrain’s sovereign wealth fund Mumtalakat, managing over US$10 billion of assets.
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“We’re very pleased to have Talal lead Trust Re as group CEO,” said Ghazi Abu Nahl, chairman of Nest Investments Holdings, the sole shareholder of Trust Re. “Talal is an accomplished leader with extensive management experience and will be a great leader for Trust Re.”
Outgoing CEO Abunahl has helmed Trust Re since 2006, having joined more than 20 years ago. During his term, the company was able to diversify its business and increase investment in human capital, the statement said. Abunahl will move to Cyprus to take a leading role at Nest Investments Holdings.