KUWAIT CITY, Dec 11, (KUNA): Kuwait will partake in Harvard “Leading Strategy Execution in Financial services” training program for bank executives in the Gulf countries, Governor of the Central Bank of Kuwait (CBK), Mohammad Al-Hashel has announced.
Improving the performance of the national banking and financial sector cadres is a top priority for the CBK and Kuwaiti banks, Al-Hashel, also Chairman of Kuwait Institute for Banking Studies (KIBS), said in a press statement Saturday.
He underscored that these cadres are playing an instrumental role in achieving sustainable development for the banking and financial sectors in Kuwait and other Gulf countries. For the eighth year in a row KIBS and Harvard present this executive development program for banking and finance executives in the GCC region and some Middle East countries, he said, adding that this year’s edition would held in Muscat during the period Jan 28 to Feb 2, 2017.
He stated that this program is designed for upper middle executives of levels such as department heads. The first program that was organized in 2009-10 in Kuwait exclusively for the KIBS member banks. After the success of that program, and with Harvard Business School and GCC banking institutes showing interest in a GCC level event, the program was extended to cover all GCC countries and several Middle Eastern countries, he pointed out. The program is held every year in one of the GCC countries.
The 2016’s edition was held in Qatar and the coming would be held in Oman. He estimated that the number of banking executives who partook in the previous seven editions at 311. Harvard Business School Executive Education programs adhere to the school’s high standards, thus ensuring that participants and their organizations receive the same quality of learning experience for which the school is so well known, he stressed.
He added that participants will receive a Harvard Business School certificate, verifying that they have completed the program. He underlined eagerness to continue fruitful cooperation between Kuwaiti and GCC banking institutions to make the best use of similar programs and initiatives for training and expertise exchange. He expressed appreciation of the Kuwaiti and Gulf banks and financial institutions for their keenness to effectively participate in this distinguished program, and wished them all success to materialize the objectives of their participation.