Trust International Insurance & Reinsurance Company (Trust Re) has announced the appointment of Talal Al Zain as Group Chief Executive Officer (CEO), succeeding Fadi Abunahl.
Outgoing CEO, Abunahl, had led the Bahrain-based company for 12 years since 2006, having been with the Group for more than two decades. Abunahl will relocate to Cyprus and take a leading role at Nest Investment Holdings, Trust Re’s sole shareholder.
His replacement, Talal Al Zain, was most recently Founder and Director of Jisr Capital, and was previously CEO of PineBridge Investments Middle East BSC (C) and Co-Head of Alternative Investments at PineBridge Investments.
Prior to that, he was a founding Board Member and the CEO of Bahrain’s sovereign wealth fund, Mumtalakat, where he managed more than $10 billion in assets. He also spent 18 years with Investcorp Bank and has also worked with Chase Manhattan Bank and was previously a member of Citibank Banking Group.
Chairman of Nest Investment Holdings, Ghazi Abu Nahl, said: “We are very pleased to have Talal lead Trust Re as Group CEO. Talal is an accomplished leader with extensive management experience and will be a great leader for Trust Re.”
Commenting on his appointment, Talal Al Zain, added: “I’m delighted to be leading this renowned company and I look forward to build on Fadi’s accomplishments and work with the Trust Re team to drive strength and growth and create exciting new opportunities and value for both clients and shareholders.”
