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Article: Gatehouse Bank sets eyes on wider European market.(Industry overview)
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- September 14, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kuwaiti Islamic finance group The Securities House has restructured its presence in the UK with the recent merger of its two wholly-owned subsidiaries, Global Securities House (GSH) UK and its flagship Gatehouse Bank plc, the latest of the Islamic investment banks authorized by the Financial Services Authority (FSA) in London. Given the current market conditions and the potential overlapping of business, this was a merger waiting to happen. Leading the restructuring and consolidation effort at Gatehouse Bank is Richard Thomas, a doyen of Islamic banking in the UK, having worked in the sector for over 25 years, first starting with Saudi International Bank in the early ...
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