Saudi Arabia names Ayman Al-Sayari as new central bank governor

Saudi Arabia names Ayman Al-Sayari as new central bank governor

Saudi Gazette report RIYADH — Custodian of the Two Holy Mosques King Salman bin Abdulaziz named Ayman Al-Sayari as governor of the Saudi Central Bank on Thursday. He will replace Fahad Al-Mubarak, who was appointed adviser at the royal court, according to separate order, Saudi Press Agency reported. Al-Mubarak served as governor of the Saudi Central Bank, formerly known as the Saudi Arabian Monetary Authority, from 2011 to 2016. He also previously led Morgan Stanley's Saudi Arabian unit and was chairman of the Saudi Stock Exchange (Tadawul). Al-Sayari served as deputy governor for investment and research at the Saudi Central Bank. He had previously been SAMA’s deputy governor for investment since 2013. Al-Sayari gained a master’s degree in finance from George Washington University in the US, a bachelor’s degree in accounting from King Fahd University of Petroleum and Minerals in Dhahran, and completed a general management program at Harvard Business School.