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Murphy: My decision to retire was extremely difficult having had the privilege and pleasure of working at NBK over the many years
National Bank of Kuwait Group today announced that its Group Chief Financial Officer Jim Murphy is retiring after a twenty-year career with the Bank. Mr. Murphy plans to step down from his position at NBK effective 31st October, 2020. NBK also announced that Mr. Sujit Ronghe, the Group’s Financial Controller, will be Acting Group CFO commencing November 1st.
“On behalf of NBK’s Board and Management Team, I would like to thank Jim for his commitment, dedication and highly valued contributions to the growth and development of the NBK Group during his many years of service at the Bank. Jim’s exceptional leadership skills together with his extensive financial expertise have been of tremendous value to NBK over the years,” said Mr. Isam Al-Sager, NBK Group CEO.
Mr. Murphy said: “It has been a privilege and a pleasure to work at NBK over the many years, and a true honor to have worked with NBK’s distinguished and respected Board of Directors and Management Team. I want also to pay tribute to my colleagues in Group Finance whose professionalism, dedication and support have been invaluable. Extremely difficult though it is for me to make the decision to retire from NBK, the time has nonetheless arrived for me to move on to pastures new and to pursue fresh personal and family interests. I wish the members of the Board, the Management Team and all at NBK continued success long into the future”.
Murphy joined National Bank of Kuwait back in 1999 marking the start of a twenty-year career with the bank, during which he promoted the bank’s success and contributed to many accomplishments. He has been in the position of Group Chief Financial Officer since 2010, and is also a member of various management committees.
Murphy has extensive experience of over 40 years in finance and the banking sector, during which he held many positions, as he worked as head of management accounting in Ireland and the UK at a leading bank (AIB Bank). He also obtained many academic and professional certificates, including Certified Management Accountant (CMA) and Certified Secretary, both from the UK. He also holds a degree in marketing from Ireland, in addition to attending many specialized executive courses at Harvard and Stanford universities.
It is worth mentioning that NBK enjoys a solid financial position as reflected in strong capitalization levels, high asset quality standards and a stable financing base, in addition to being consistently awarded the highest credit ratings of all banks in the region from all international credit rating agencies. This is supported by the bank’s leading position for over 67 years at the level of Kuwait and the whole region, and a team with banking experiences that make it among the best in the region, led by an executive management that managed over the years to set successful banking strategies and closely monitor their implementation, which contributed to establish the bank’s regional and international position.
© Press Release 2020
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