Stefano P. Bertamini (Steve) joined Al Rajhi Bank in May 2015 as Chief Executive Officer. Al Rahji Bank was founded in 1957 and is one of the largest Islamic banks in the world with a market capitalization of over 25 billion and assets in excess of 75 billion. The bank is headquartered in Saudi Arabia and has over 500 branches and the largest customer base and ATM network in the country. It also has operations in Jordan, Kuwait and Malaysia.
Before his appointment at Al Rajhi Bank, Steve was the Group Executive Director and CEO for Global Consumer Banking at Standard Chartered and a member of the Board of Standard Chartered PLC between 2008 and 2014. He was responsible for Retail banking, Wealth management, SME and Private bank with operations across 44 countries.
Steve was the executive global sponsor for employee volunteering for Standard Chartered from 2010-2012 which resulted in tripling the number of volunteering hours. From 2013 he became the executive sponsor for driving diversity and inclusion for more than 89,000 staff and 127 nationalities.
Previously, Steve spent 22 years with GE, most recently as Chairman and CEO of GE North East Asia and became a GE Officer in 2006. He was also responsible for GE's acquisition and merger business in the Asia-Pacific region from 2004 and President of GE Capital Asia since January 2001.
Steve is an active member of various external organizations including World Presidents’ Organization, CEO Forum, Global 50 and Global Executive Group.
Born in Munich, Germany and grew up in Europe, North Africa and North and South America, Steve graduated from University of Texas in Austin with a Bachelor's degree of Business in Finance and Management and in 1985 earned his MBA at the University of North Texas in 1991. He is fluent in English, Spanish and Italian.
Steve is currently based in Riyadh and enjoys weightlifting, boating, sports cars and golf. He is married with one daughter and two sons.
Al Rajhi Bank
Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 343 billion (US$ 90 billion), a paid up capital of SR 16.25 billion (US$ 4.33 billion) and an employee base of over 9,600 associates.
With over 60 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.
With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 570 branches, over 152 dedicated ladies branches, more than 4,794 ATM's, 74,612 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 233 remittance centers across the kingdom. The first men's branch was opened in Aldirah in 1957, with the first ladies branch being opened in AlShmaisi in 1979.