Doha: Islamic Bank of Britain Plc (IBB), the UK’s only wholly Shariah-compliant retail bank, announced the appointment of Keith Leach to the newly created position of Chief Commercial Officer (CCO).
Leach’s mandate is to grow IBB’s corporate and real estate business, focussing on higher value transactions. His appointment follows the bank’s acquisition by Masraf Al Rayan (QSC) earlier in the year. A £100m capital investment from IBB’s new parent company will support its expansion plans.
Commenting on his appointment, Leach said, “I am joining IBB at a very exciting time. The Bank is strongly committed to developing its product range, particularly real estate and corporate finance in order to achieve its ambitious growth targets”.
Sultan Choudhury, IBB’s CEO, said, “Keith brings a wealth of corporate and commercial finance experience to IBB. This is necessary in order for the Bank to achieve the strong balance sheet growth it is aiming for. With a focus on high quality assets, Keith’s appointment provides IBB with the ability to tender for higher value transactions, particularly in the London real estate sector.” The Peninsula
