GFH Financial's CFO Resigns After 12 Years
Portfolio - People | Mar 20, 2025 | Zawya
Bahrain-based GFH Financial Group has announced the resignation of its Chief Financial Officer, Surya Hariharan, after over a decade of service. The firm has temporarily appointed its Chief Risk Officer, Bhaskar Mehta, as the Acting CFO until a permanent replacement can be found. Hariharan had a significant impact on the company since joining in 2012, bringing with him experience from a high-profile private equity venture in Abu Dhabi. The announcement follows the release of GFH's financial results for the fourth quarter of 2024, which showed a net profit of $30.56 million, marking a 27.63% increase from the previous year. The full-year net profit was reported at $118.5 million, a rise of 15.2% compared to the previous year.
Sectors
- Financial Services
- Investment Management
Geography
- Bahrain – GFH Financial Group is based in Bahrain, indicating the regional focus of the article.
- United Arab Emirates – The previous experience of the departing CFO involved a private equity venture in Abu Dhabi, UAE.
Industry
- Financial Services – GFH Financial Group operates in the financial services sector, particularly investment and private equity.
- Investment Management – As an investment firm, GFH Financial Group is engaged in managing and handling investments both at the corporate and individual levels.
Financials
- $30.56 million – Net profit for the fourth quarter of 2024.
- $118.5 million – Total net profit for the full year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GFH Financial Group | Company | Target | Bahrain-based investment firm involved in this article. |
| Surya Hariharan | Former CFO | People | The Chief Financial Officer who resigned after 12 years. |
| Bhaskar Mehta | Acting CFO | People | Chief Risk Officer appointed as Acting CFO. |