The Alternative Bank Limited has appointed Gul Khan as its managing director and chief executive officer, following approval by the Central Bank of Nigeria (CBN).
Khan succeeds Hassan Yusuf, the bank’s founding managing director. The appointment was announced in a statement issued by the bank.
Khan has more than 25 years of experience in financial services across Europe, America, Asia, the Middle East and Africa.
Most recently, he served as chief executive officer and Board director of I&M Bank Kenya. He was also Group head of Products for Airtel Money, the fintech business operating across 14 markets in Africa.
He previously served as Global head of Retail Banking and Wealth Management at HSBC Amanah, the group’s non-interest banking business. His career also includes executive leadership roles with banks in the United Arab Emirates, Egypt and Qatar.
Chairman of Alternative Bank, Muhtar Bakare, said Khan’s experience in non-interest banking and leadership across African financial services position him to lead the bank through its next phase.
Khan said his focus would be on understanding customer needs, whether in acquiring productive assets or growing businesses, and providing solutions that are relevant and easy to use.
The Alternative Bank said it met the CBN’s revised minimum capital requirement for national non-interest banks well ahead of the regulatory deadline.
It also said it has completed migration to MIZAN, a core banking platform designed for non-interest financial institutions.