Gulf Finance Corporation,  a wholly owned subsidiary of Shuaa Capital and a leading UAE-based finance company focusing on the needs of small and medium enterprises (SMEs), has appointed David Hunt as its chief executive officer.  

 

Announcing the appointment, Sheikh Maktoum Hasher Al Maktoum, executive chairman of Shuaa Capital, said: “Gulf Finance has built a strong reputation and market share in asset-backed finance. The business has enormous opportunities to expand and remains at the core of our growth strategy.” 

 

He continued: “David Hunt is capable of expanding Gulf Finance and delivering on our goal of building a high-yielding business. He joined the company in 2011 and successfully established Gulf Installments Company in Saudi Arabia earlier this year. David Hunt is a seasoned banker with a strong track record of business success. He has an institutional mindset from leading a publicly listed company and is ideally placed to move Gulf Finance into the next phase of development.”

 

Before joining Gulf Finance as head of new markets in 2011 and assuming the role of CEO Saudi Arabia in 2012, David Hunt held various senior and director-level positions at HSBC Group, most recently head of regional insurance at HSBC Bank Middle East. 

 

David Hunt will assume his new role with immediate effect. Steve Williams, the former CEO, has left the company to pursue other interests. 

 

Steve Williams joined the company as CEO in 2008 to establish the leading independent commercial lender to SMEs in the UAE.  - TradeArabia News Service