For Immediate Release 			        7th February,  2002


TAIB BANK E.C. LAUNCHES WOMEN’S PRIVATE BANKING 


TAIB Bank E.C., the Bahrain-based Investment Bank, has announced the launch of "Women’s Private Banking" as an extension to the existing Private Banking Division at the bank.

In her statement, Ms. Sue Clark, Senior Vice President, said, "I am pleased to announce the launch of ‘Women’s Private Banking’ which will cater to the financial investment needs of women investors in the GCC as part of the existing Private Banking Division at TAIB Bank ."

In September 2001, TAIB Bank created "Women’s Private Banking" as an extension to the existing Private Banking Division which targets high net worth individuals and institutions.  The Management discovered that the number of women establishing their own businesses in the Gulf has increased. Recognizing the optimism and potential in this sector TAIB strengthened this unit by assigning a bilingual team of 5 members, currently headed by Sue Clark, Senior Vice President, Head of Real Estate. She holds a Masters Degree in Marketing and is a member of the Chartered Institute of Banking and Chartered Institute of Marketing.  Sue has worked with TAIB for 20 years mainly in the Gulf and her work experience in the Real Estate business has taken her around the globe.  Other team members, Rita D’Souza has been with the bank for over 5 years, Durra A. Rahim for over 10 years, both, members of the AIWF, and Huda Radhi for over a year holds a Masters Degree in Systems Engineering. Halah Abdulla Faraj, recently joined the team after completing her BSc. in Business Information Systems. After having successfully excelled in aggressive in-house and external training,  the Women’s Team developed motivation, confidence, greater efficiencies, improved levels of client service, streamlining network processes and deepening relationships with clients.

"It is TAIB Bank’s ongoing strategy to fuel growth, build momentum and broaden our reach by expanding distribution and satisfying client demand through innovative solutions", added Ms. Clark.

The Women’s Private Banking Division now caters to the growing requirements of financial investment needs of women investors in the GCC.  The team has successfully established contacts with Businesswomen societies around the GCC. 

"The Team look forward to a challenging future for servicing the requirements of accomplished women all over the GCC looking for professional investment management, products and services" concluded Ms. Clark.

TAIB Bank E.C., an international Investment Bank based in Bahrain and listed on the Bahrain Stock Exchange, conducts its business in the United States of America, the United Kingdom and in the regional markets of the Gulf, the Indian Sub-continent, Turkey and Central Asia.
 
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For more information, please contact:
Vivian Jamal
Stark Middle East
Tel: +973-537594
Fax:+973-537593
E-mail: vjamal@starkme.com