QFB appoints new Acting CEO

Qatar First Bank (QFB) has appointed Abdulrahman Totonji as its new Acting CEO (ACEO).
QFB said, “Totonji is a distinguished talent in business, economics, and investments. He has extensive experience in managing local and international real estate investments, which enables him to lead QFB during this critical moment of its history. 
He spent around six years managing a QR1bn Qatari investment portfolio. 
Additionally, he gained experience over a period of six years investing in the US real estate market. Abdulrahman obtained his master’s degree in real estate finance from Georgetown University, Washington DC and Bachelor’s degree in business administration from George Washington University.” 
The Board of Directors welcomed the appointment of Totonji as ACEO of the Bank in the context of its new vision aiming at maximising shareholder value. 
“The BoD also praised Abdulrahman’s expertise in economics and administrative matters, and the Board is confident that his experience will help improve the bank’s performance and achieve positive results for the shareholders,” QFB said.
On his appointment as new ACEO of QFB, Totonji said, “I thank the Board of Directors for trusting me as QFB’s ACEO at this critical stage. 
I will work with the Board and the executive team over the coming period to support the bank in maximising shareholders’ value and to place the bank on a profitable path again, and inshallah we will see the bank grow to new heights.”