London-based Gatehouse Bank is considering applying for two or three licences in Malaysia in universal banking, investment banking, and or, wealth management to expand its business in Asia. The bank, which recently commenced operations in Malaysia via …
The event to support “Generation F” on Tuesday 16 April at Kuwait Oil Company (KOC) saw a collection of 70 Kuwaiti female oil and gas professionals congregate to develop their financial skills necessary for smart wealth preservation. London-based Gateh…
London-based Gatehouse Bank plc (Gatehouse) has announced that its associate has successfully completed the sale of a real estate investment located in San Francisco’s South Financial District in California. The total amount of the sale reached $71m (£46.4m), which yielded a profit on equity of 100% post costs and taxes. This real estate investment consists of two office buildings situated on a 15,306 sq ft parcel of land and is adjacent to the proposed Transbay Redevelopment Project. Gatehouse Bank and its associate were assisted by Arch Street Capital Advisors, L.L.C. and SKS Investments in this transaction.
The Board of Gatehouse Bank has announced its expansion in South East Asia to cement its growing operations and to ensure its proximity with its key clients, regulators and stakeholders in the region. This follows on from the £165 million acquisition of the law firm SJ Berwin’s offices in London, in collaboration with a Malaysian Sovereign Wealth fund in September 2012. Richard Thomas OBE, will relinquish his current responsibilities as Chief Executive Officer and will take over a new role with the Bank to spearhead this SE Asia business expansion and operations. Mr Fahed Boodai, Chairman has been appointed as interim Chief Executive Officer.
Gatehouse Bank announced its expansion in South East Asia following the acquisition of the law firm SJ Berwin’s offices in London, in collaboration with a flourishing Malaysian Sovereign Wealth fund in September 2012. Richard Thomas OBE, will relinquis…
London-based Gatehouse Bank plc (Gatehouse) has completed the acquisition of a 163,000 sq ft, state of the art office building in Salt Lake City, Utah. The deal is expected to return a stable and healthy yield over the investment period. The property i…
The former Chief Executive of Gatehouse Bank David Testa has successfully appealed in the first-tier tax tribunal against HM Revenue & Customs’ “flawed” refusal to suspend a penalty imposed for a careless inaccuracy. HMRC rejected David Testa’s off…
A new type of sukuk, introduced by Gatehouse Bank, could make inroads in the market by offering greater security to investors through a structure similar to conventional covered bonds. The Gatehouse sukuk incorporates a purchase undertaking by the ban…
London-based Gatehouse Bank is participating in the youth mentoring initiative ‘Mosaic’ that seeks to inspire young people from deprived communities to realise their talents and potential. The seminar saw business leaders, including the CEO of Gatehouse Bank, Richard Thomas, sharing important insights and experiences on activities undertaken in 2012. According to a press release from Gatehouse Bank, Mosaic addresses the role that businesses can play in responding to social and environmental problems. Therefore, it directly reflects the business ethos of a socially responsible Shari’ah banking model.
Women are starting to play an increasingly influential role in the family businesses of the Gulf region that account for approximately 90 percent of commercial activity there. As women become more economically independent, the decision-making process h…
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