We have been following developments with the Aramco IPO, the pre-budget statement and new appointments at Al-Rajhi and SAMA. Click below for more details on these stories.
New Leadership for Gatehouse Bank
Charles Haresnape, who took over as CEO of Gatehouse Bank in May this year, has made two new senior appointments.
Danesh Mahadeva was appointed Chief Financial Officer in early July. He joined Gatehouse in 2013 as Vice President, Head of Finance, having previously worked for Barclays and Ernst & Young.
Paul Stockwell was appointed Chief Commercial Officer, also in early July. He had previously worked for TSB Bank and Aldermore Bank, working in both cases on commercial and residential property finance and valuation.
Tim Blease was appointed Chief Operating Officer in late July. His previous roles include Director of New Business Strategy and Innovation at Shawbrook Bank and Head of Retail Credit Risk at Metro Bank.
Sharron Harvey was appointed Executive Vice President, Head of HR, in late July. She was previously working for Habib Bank Zurich and has 20 years of HR experience, mainly in the financial sector.
Andrew Gray has been appointed as a non-Executive Director of the bank, bringing more than 30 years experience in the UK banking industry, including Managing Director of Mortgages at Barclays and Deputy Chairman of the UK Council of Mortgage Lenders. Two directors, Lord Carrington of Fulham and Mohamad Al-Tahawy, left the board at the same time.
Following the appointment of Charles Haresnape, Fahad Boodai, the bank's Chairman, relinquished the CEO position that he had been holding on a temporary basis. He remains the bank's Chairman.
Gatehouse Bank was founded in 2008. It operates in line with Shari'ah principles with divisions in Real Estate Investment Advisory, Real Estate Finance, Treasury, Wealth Management and Shari'ah Advisory.
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