Zain Group appoints chief risk officer

New CRO leads risk management practices across all Zain units.
Setareh: Will manage risk across Zain units.
Setareh: Will manage risk across Zain units.

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Zain Group has promoted Kuwaiti national, AbdulGhaffar Setareh, to the position of chief risk officer (CRO) for Zain Group.

The newly created executive role will see Setareh reporting to the Board Risk Committee, with responsibility for delivering the global risk framework and strategy across all operations within Zain Group.

With more than 30 years of operational, engineering, insurance and risk management experience in mobile telecomms and technology across the Middle East and Africa, Setareh joined Zain in 1995 as a senior transmission engineer, after ten years with the Kuwait Ministry of Communications engineering department.

He has led Zain Group's Risk Department, as its director, from July 2005 and was previously corporate security manager, a position he held from 2002. He has helped establish an enterprise-wide risk management framework for all business units at every level across Zain Group, which included eight Middle East operations (2005 to 2015) and 15 African operations (2005 to 2010). He also established group-wide information security and business continuity management initiatives based on global best practices.

Zain Group CEO, Scott Gegenheimer, said: “It is a pleasure to promote AbdulGhaffar Setareh, demonstrating the importance that the company places on fulfilling its human resources policy to develop its people and capitalise on gifted leaders from within.

"Risk management is a top priority at Zain and critical to the company’s future prosperity. Mr. Setareh’s extensive experience will ensure we continue to enhance the operational effectiveness of the Group’s risk oversight and control assurance processes, which is critical to our efforts to transform into an integrated digital lifestyle operator, with a particular emphasis on enterprise solutions.”

Setareh said: “I appreciate the confidence that has been placed in me by the Zain Group Board Risk Committee and senior management, and look forward to further strengthening the company’s risk management capabilities and ensuring that enterprise risk management at Zain is a business and strategic enabler in achieving our objectives.”

Setareh graduated with a Telecommunications Engineering degree from the Ecole Nationale des Telecommunications, Rabat, Morocco in 1984 and is fluent in Arabic, English, and French. An Affiliate of the London based Institute of Risk Management, Setareh is a Certified Information Security Manager (CISM) and Certified in Risk and Information Systems Control (CRISC).

Zain Group now provides mobile voice and data services to more than 45.6 million active customers across business units in the MIddle East and Africa.

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