Richard Thomas OBE
Gatehouse moves key official to Malaysia
London, April 9, 2013
London-based Gatehouse Bank, a Shariah-compliant investment bank, announced that Richard Thomas OBE, will relinquish his current responsibilities as CEO and will move to Malaysia to link Islamic financial hubs.
In his new role within the bank, Thomas will spearhead this SE Asia business expansion and operations.
The bank has acknowledged the valuable contribution played by Thomas under his Chairmanship in the incorporation the Bank in 2007 and in obtaining its FSA authorisation.
Thomas took over as chief executive officer in August 2009 when the Bank was recurringly loss-making and worked closely with the board in establishing the new business model and franchise based on real estate investments and wealth management offerings and in the bank’s transformation to its current state of profitability, a statement said.
Fahed Boodai, chairman has been appointed as interim chief executive officer. – TradeArabia News Service
More Finance & Capital Market Stories
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award
- Alba backs Euromoney forum
- URC bond rating upgraded to stable outlook
- GCC urged to set up onshore financial centres
- Consolidation push paying off for Bahrain banks
- Mubadala to focus more on US, Europe
- Six banks join plan for shared customer data register
- UAE economy grows 4pc in 2013
- Egypt foreign reserves up to $17.3bn
- StanChart opens second branch in Iraq
- Oil below $90 to hit GCC economies
- Payfort offers zero deposit scheme to SMEs