Middle East: Accad wakes up ABK

Two years into what he says will be the last job of his career, ABK’s chief executive Michel Accad has already taken the bank from a domestic to a regional player and begun much-needed modernization.

by Olivier Holmey

Michel Accad illustration-350


Illustration: Pete Ellis

When Michel Accad became chief executive of Al Ahli Bank of Kuwait (ABK), the bank was a small and rather boring financial institution.

“Nothing ever happened at ABK,” Accad tells Euromoney, bluntly, during an interview in his Kuwait City office. “It was pretty uneventful.” 

He adds: “Nobody could remember the bank. Every time you’d say: ‘I’m from Ahli Bank’, they’d say: ‘Which Ahli Bank?’”

Accad, who is Lebanese but grew up in Switzerland, worked at Citi for 27 years, mainly in the Middle East and Africa.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access