MUSCAT : National Bank of Oman (NBO) has announced the appointment of Ali bin Mustafa Al Lawati as its new Head of Private Banking. An industry veteran with a career spanning 27 years, he has held several prominent roles in brokerage, private banking and wealth management. A finance leader with a successful track record in achieving business transformations in challenging operating environments, he is anticipated to strengthen the bank’s efforts to expand its digital offerings, while catering to the ever-evolving needs of the affluent segment.

Abdullah Al Hinai, Chief Executive Officer at National Bank of Oman, said, “It is with pleasure that we welcome Ali onto the team, whose wealth of experience is certain to be an added value to this growing segment. Our leadership is full of hand-picked and highly qualified Omani professionals who are able to build relationships with our customers and deliver an exceptional level care that is in line with our values and our drive to be the best-in-class private banking in Oman.”

Having started his banking career in 1994, Ali has held notable positions across functions including audit, branch operations, brokerage, and most recently, private banking, where he is credited with achieving business-wide transformation and growth. He holds an MBA from Strathclyde University in Glasgow, UK, and an Honors in Banking Diploma from the College of Banking and Financial Studies, Muscat, as well as several professional certifications including Risk in Financial Services from the Chartered Institute of Securities and Investment (CISI) and a Professional Diploma in Accounting (NVQ Level 4) from the Association of Accounting Technicians (ATT). He has also served as board member for Muscat Clearing and Depository, and the Omani Brokerage Association.