OUR LEADERS IN OMAN
Hussain Al Yafai
Chief Executive Officer, Oman
Hussain Al-Yafai has served as Chief Executive Officer, Managing Director, and Head of Corporate and Investment Banking at Standard Chartered Bank Oman since 2019. Under his leadership, the bank has undergone significant transformation, positioning itself as a leading provider of corporate and institutional banking services in the country.
A strategic and visionary leader, Hussain has a proven track record of driving business growth, building high-performing teams, and fostering impactful partnerships with governments, GREs, financial institutions, and multinationals. He is widely recognized for his contributions to Oman’s financial sector and has received official recognition from the Omani government for his efforts.
Hussain is a pioneer in sustainable finance in Oman. He led the establishment of the nation’s first sustainability-linked financing and structured Oman’s Sustainable Finance Framework—making it the first GCC sovereign to do so. Through his efforts, Standard Chartered has become a market leader in ESG advisory and financing, supporting multiple government entities with the development of tailored ESG frameworks.
With over $80 billion in financing arranged for Oman, Hussain has played a key role in supporting the national economy through Debt Capital Markets, Syndicated Loans, ECA Financing, and Structured Finance. He leverages deep market expertise and long-standing client relationships to deliver innovative financial solutions.
Since joining Standard Chartered in 2005, Hussain has held several regional and leadership roles, including Head of Wholesale Banking in Oman, Co-Head of Debt Capital Markets for MENA, and Regional Business Planning Manager for Financial Markets. Prior to his banking career, he gained valuable experience in the logistics sector with AP Moller Maersk in Denmark and Dubai.
Hussain pursued Business Administration studies at the University of St. Thomas in Houston and the American University in Dubai. He has also completed executive training in Behavioral Finance at INSEAD and participated in several global leadership development programs. In 2021, he was named one of Oman’s 100 most influential CEOs by United Press & Publishing and SyndiGate Media. In 2025, Hussain earned IBF-skills badges from the Institute of Banking and Finance Singapore for completing the Sustainable Finance Foundation course.
He currently serves on the board of the Oman British Friendship Association Society (OBS) and is an active member of the Oman Banks Association (OBA). In 2024, Hussain was honored as CEO of the Year for Foreign Banks at the CXO Awards. He is also a member of YPO, a global community of business leaders. Hussain is fluent in Arabic and English.
Aly Elhamzawy
Chief Financial Officer, DIFC & Oman
Aly Elhamzawy is the Chief Financial Officer (CFO) of Standard Chartered Bank, Oman. He assumed this role in January of 2017.
Aly has been with the bank for 12 years and has had finance experience in several big international banks.
He joined SCB’s Regional Finance team as Head of Financial Controls for MENA in 2011, based in Dubai. In 2012 he moved to a new role as Financial Controller for SCB’s DIFC operations before taking over the role of SCB Oman CFO in 2017.
Aly has led a number of successful projects in the MENA region, with key focus on strategy, compliance with the Bank’s financial controls, reporting and regulatory framework.
Muadh Al Balushi
Chief Technology and Operations Officer, Oman
Muaddh is double hatting as Chief Technology and Operations Officer and Head of Cash Management Operations for Standard Chartered Oman.
He joined the Bank in 2004 and worked in various Operations units. His previous roles in the organization included, Manager Cash Management Operations, Head, Wealth Management and Securities Services Operations, Head of Cash Management Operations and Head of Banking Operations. He led and drove several initiatives within Operations like Automation, Simplification of processes, increased transactions STP rate, turnaround time improvement and more to implemented controls and achieved more efficiencies.
Muaddh took over the role of Country Chief Operating Officer in March 2021.
Prior to joining Standard Chartered Bank, Muaddh was working in Oman LNG project as General Administrator and IT help desk.
Muaddh studied IT/Technology major in College of Banking and Financial Studies. He is holder of master’s in business administration (MBA) from University of Bedfordshire UK.
Insherah Bawazir
Head of Human Resources, Oman
Insherah Bawazir is the Head of Human Resources at Standard Chartered Bank Oman. She joined the Bank in 2007 as a Customer Service Executive in Retail Banking and has since developed a broad and progressive career across customer services, priority banking, service quality, and corporate affairs.
Throughout her tenure, Insherah has held several leadership roles, including Customer Services Manager, Relationship Manager for Priority Banking, Quality Service Manager, and Head of Corporate Affairs. She worked closely with country and regional leadership to support the launch of Priority Banking services in Oman and contributed to the establishment and strengthening of both the Service Quality and Corporate Affairs functions at the country level.
In 2012, Insherah was appointed as a member of the Country Management Team, becoming the first female leader to join the team at Standard Chartered Oman. In November 2015, she was appointed Head of Human Resources for Oman assuming responsibility for the Bank’s people agenda at the country level and supporting the team during the Retail Banking exit by ensuring effective communication between the Bank and regulators and overseeing exit processes.
In her current role, she is responsible for leading the Bank’s people strategy, with a focus on governance, employee engagement, talent development, and localization. Some of her key achievements over the years include driving the development of the Diversity & Inclusion (D&I) Committee and strategy for Oman, championing the “My Voice” employee engagement across the Middle East, and contributing to the implementation of flexible working arrangements across the region, particularly in Oman, Qatar, and Saudi Arabia.
Prior to joining Standard Chartered Bank, Insherah was the Marketing Executive for Emirates Airlines Oman.
Insherah has an MBA in Management from the University of Missouri St. Louis (University affiliated with Modern College of Business and Science).
Syed Mustajab Hussain
Chief Risk Officer, Oman
Mustajab is a senior banking professional with nearly 20 years of experience at Standard Chartered Bank, bringing deep expertise across Enterprise Risk Management, Operations and Governance. He has held progressive leadership roles including Regional Head of Consumer Banking Operations and Head of Banking Operations. Since 2017, He was serving as Country Head of Operational, Technology and Cyber Risk, providing multi-country oversight in the region before taking over the position for “Chief Risk Officer”.
He has led several strategic projects, including core banking system upgrades, execution of business strategies in different markets.
He holds master’s degree and multiple globally recognized professional certifications and designations across Enterprise Risk Management, Governance, Risk and Compliance, Financial Crime, Project Management, Operational & Credit Risk and Cybersecurity.
Shamsa Al Hadi
Chief Compliance Officer & MLRO, Oman (CFCR)
Shamsa Al Hadi is the Head of conduct, Financial Crime and Compliance (CFCR) and she is also double hatting as the MLRO of Standard Chartered Bank, Oman. She assumed this role in April of 2020.
Shamsa has been with the bank for almost 5 years and has Compliance and Anti Money Laundering (AML) experience in several organizations and banks. She joined SCB Oman’s CFCR team as an Associate Director in 2018. In 2020 she moved to a new role as the Head of CFCR.
In her previous roles, Shamsa worked for National Bank of Oman, Zurich LLC and other organisations in Compliance, Audit, and Insurance functions for almost 13 years, with a focus on Compliance and Anti Money Laundering processes. During her time in SCB Oman, Shamsa was nominated as Employee of the Month, and she was the Employee of the Year for 2019 as well.
Shamsa is certified by the International Compliance Institution (ICA) for Anti Money Laundering and currently availing her ICA Compliance Diploma with the Institution as well. Shamsa is also currently availing her master’s in criminology and Criminal Justice with Edinburgh Napier University, which is an additional layer of certification that will add a greater value for her role as the Bank’s Head of Financial Crime Compliance.
Rama Abboud
Country Head of Legal, Qatar & Oman
Rama Abboud is the Head of Legal of Standard Chartered Bank, Qatar and Oman. She is responsible for providing legal advice, guidance and support to the business, operations team and other functions in both Qatar and Oman to ensure that SCB’s exposure to legal risk is managed and the execution of the business strategy and Initiatives are facilitated.
She has over 15 years’ experience in both commercial and banking law working as a legal officer and associate lawyer at International and Regional Banks, including leading law firms in the Middle East. During her career she has gained deep knowledge in the principles of Companies Law, Commercial Law, Banking Law, Civil Law and Labour Law. She is also a member of the Damascus Bar for Lawyers since 2009.
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