VOL. XXXVI

NO. 36

7-JUNE-1993

Financial and Banking News

REGIONAL BANKING

Morven Hay Ousted As Managing Director Of ABC International Bank

Mr. Morven Hay has resigned as Managing Director of ABC International Bankand is to leave the institution on 15 June. His resignation followed a visit tothe bank's London headquarters on 17 May by two senior executives from itsBahrain-based parent bank, Arab Banking Corporation (ABC). The two were Mr.Hatim Abu Sa'id, the head of ABC's Europe and Americas...