Gatehouse Bank Board Changes
LONDON – 17 July, 2017: Gatehouse Bank plc (“Gatehouse” or the “Bank”), a Shariah-compliant Bank based in London, is pleased to announce the following changes to the Board, with immediate effect:
- Andrew Gray has been appointed Non-Executive Director of Gatehouse. Andy has more than 30 years’ experience in the UK banking industry and was previously Managing Director of Mortgages at Barclays, Deputy Chairman of the Council of Mortgages Lenders and a member of the executive committee. Andy brings a depth of experience to challenge and assist in the development of the Bank’s future strategy and proposition.
- Lord Carrington of Fulham and Mohamad Al-Tahawy have resigned from the Board and Fahed Boodai has resumed his role as Chairman of the Bank having completed the handover of the Interim CEO role to the new CEO, Charles Haresnape, who was appointed in May 2017.
Charles Haresnape, CEO of Gatehouse Bank, commented: “With these changes, we believe the Bank’s Board has the appropriate balance of skills and experience that will be key for its next stage of development.”
Fahed Boodai, Chairman of Gatehouse Bank, said: “I welcome these changes and take this opportunity to extend my sincere gratitude to the departing directors, all of whom served the Bank from its early years and helped to position it to deliver continued success in the future.”
UK challenger bank, Gatehouse Bank, has announced the launch of a new direct finance team as it continues its growth strategy.
UK challenger bank, Gatehouse Bank, today announced the formal launch of its Shariah-compliant home finance platform, based on the state-of-the-art ‘Apprivo2’ technology developed by financial services software provider, BEP Systems.
- 1 and 2 Year fixed-term savings rates from challengers over 1% higher than high street on average
- Challengers beat high street instant access accounts by 0.85% on average
- Research by Gatehouse Bank highlights the gulf between challengers and established players