Doha Bank chief executive resigns after almost 15 years

DUBAI: R Seetharaman, who has been chief executive of Doha Bank for almost 15 years, has resigned, the bank said on Sunday in a filing to the bourse.

Qatar's fifth-biggest bank did not give a reason for the resignation of Seetharaman, who has been CEO since September 2007.

Before joining Doha Bank, he was an assistant general manager at PricewaterhouseCoopers. 

Doha Bank is one of Qatar’s largest lenders with a market capitalization of $2.2 billion. The bank’s shares fell 0.9% while the country’s benchmark index advanced. The shares decreased to 2.64 riyals from 2.66 riyals in the previous session.