Burgan Bank hosts Client Treasury Event

Press release

Published February 18th, 2015 - 08:43 GMT

Peter Frank, Global Head of Foreign-Exchange Strategy at Banco Bilbao Vizcaya Argentaria SA (BBVA); a global financial services group

Burgan Bank’s Investment Banking and Treasury Group recently organized an important and timely event focusing on global foreign exchange markets for its private and corporate clients at the bank’s headquarters. The event entailed an in-depth presentation revolving around the recent currency trends and an analysis of possible future outcomes , which was delivered by Peter Frank, Global Head of Foreign-Exchange Strategy at Banco Bilbao Vizcaya Argentaria SA (BBVA); a global financial services group. Mr Abdullah Marafie, Burgan Bank’s Deputy Treasurer, mentioned in his welcome speech that not only is Mr. Frank highly respected internationally but he continues to be consistently ranked first in his field by Bloomberg, Reuters, and FX Week surveys going back to when he joined BBVA in 2012.

The event served as an ideal platform offering an opportunity to network with peers, share best practice with the industry, and learn from an industry expert like Peter Frank. During the event, Peter Frank discussed three important topics of foreign exchange, namely “Euro: Spiraling down and facing Quantitative Easing debasement?”, “US Dollar: Safe-haven solidity and macro superiority, but for how long?”, and “Turkish Lira: Economic Outlook”.

Commenting on this occasion, Mr. Robert Frost, Burgan Bank’s Group Chief Investment Banking and Treasury Officer said: “We are very pleased to have hosted a professional foreign exchange expert to our event. Burgan Bank has been constantly dedicated to provide its clients with the latest updates and recent trends in the financial world, and we believe that Peter Frank’s 25 year plus experience in global currency markets served as an ideal platform with regards to the topics discussed during the event. We look forward to hosting similar events for our clients in the future.”

Burgan Bank has recently been named the ‘2015 Best Treasury and Cash Management Provider in Kuwait’ by Global Finance Magazine, the world’s leading and most respected financial publication. The latest recognition comes to demonstrate Burgan Bank’s outstanding performance and leading position in the field of treasury services that are managed and provided in line with the highest international standards.

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.