May 16, 2021

Harvard and Banking Studies present a program to develop leaders in the financial and banking sector in the Gulf

Muhammad Al-Hashel: The 2021 program carries the slogan of success in troubled times

Provide an integrated set of practical experiences to enhance analytical capabilities

Focus on the role of leadership and management in formulating strategies to face challenges

The Governor of the Central Bank of Kuwait and Chairman of the Board of Directors of the Institute of Banking Studies, Dr. Muhammad Yusuf Al-Hashel, said that the institute, in cooperation with Harvard Business School, will provide a special program to develop executive leaderships in banks and financial institutions in the Gulf Cooperation Council countries, in light of the changes in the business world and simultaneously With the challenges of the Corona pandemic crisis, and in line with the needs of the banking and financial sectors to deal with the current conditions and achieve success under them.

He pointed out that the program will be provided using virtual training, as part of the new innovative professional training methods, through the Harvard Business School’s Zoom training platform through the Internet.

Aspect of the effectiveness

Al-Hashel stated that the 2021 program will be presented under the title “Success in Troubled Times”, and will consist of the axes of “Financial Strategy” and “Leadership”, as the focus will be on the critical role of leadership and management in formulating and implementing financial, technical and leadership strategies to meet the challenges, and what the transformation requires. The digital sector in the financial sector includes various administrative and leadership skills and techniques, to keep pace with the rapid developments in this field.

He mentioned that practical case studies related to the subject of the program, related to the banking and financial sector and other sectors, which are what this college is famous for, will be used in order to provide an integrated set of practical experiences, in a way that contributes to strengthening the analytical capabilities of the participants, and providing them with tools and methods that will affect Performance, innovation and institutional culture, as well as the use of a number of interactive virtual activities that the trainees will perform in groups through the Harvard platform.

Al-Hashel added that the program targets the category of executives at the level of director of administration or at least equivalent, and will be held over a period of two weeks, the first from 23 to 27 of May 2021, and the second from 6 to 10 June 2021, with the participants at the end obtaining an attendance certificate from a college Harvard Business School.

Al-Hashel explained that the program is one of the Kafa’a initiative programs launched by the Central Bank in September 2019, which is held with the support of local Kuwaiti banks, and is organized and supervised by the Institute of Banking Studies. The financial and banking sector in particular.

And he indicated that communication with “Harvard Business Administration” began in 2009, when the program was presented for the first time in Kuwait in 2010, explaining that its importance lies in the fact that it is the first special program offered by the college at the level of the Gulf Cooperation Council countries, praising the fruitful and continuous cooperation between the college And «banking studies».

Al-Hashel stated that the program was held alternately every year in one of the countries of the Cooperation Council, so that the previous program for the year 2020, the eleventh in the Sultanate of Oman, was held, pointing to the keenness of the Central Bank and Kuwaiti banks to continue providing this distinguished program, while working to develop it in proportion to With the rapid changes in business and the current circumstances of the “Covid-19” crisis.

Cadre development

The governor of the Central Bank indicated that the work to develop the performance of national cadres is continuing under the current circumstances, and it will remain at the top of the strategic priorities of the bank, which has taken the initiative of “competence” the platform from which all programs and projects that work to develop these cadres will be launched, given what this category Of importance in achieving the sustainable development of the Gulf banking and financial sector.

He stressed his keenness to continue cooperation between Kuwaiti and Gulf banks and financial institutions, and to work on creating new initiatives, to enhance the benefit from such important initiatives in the field of training and exchange of experiences.

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