Tagged: Ted Pretty

Gulf Finance House denies reports of suspension of acting CEO

Gulf Finance House denies reports of suspension of acting CEO

Gulf Finance House (GFH) has issued a statement denying the suspension of the firm’s Acting CEO Hisham Alrayes. GFH clarified that its ex-CEO Mr Ted Pretty and Ex-Deputy CEO Mr Mohd Al Nusu were suspended for a period of three months. Both have already resigned from the company. According to the statment, the CMA had not imposed any financial penalty on the firm.

Not a Pretty sight at GFH as CEO is axed

Not a Pretty sight at GFH as CEO is axed

Ted Pretty, the chief executive of investment bank Gulf Finance House was asked to leave and will not return to the bank.
What Pretty was really brought on to do was swing the axe and lead a brutal cost-cutting and debt rescheduling program to try and …

Gulf Finance House CEO has left -sources

Gulf Finance House CEO has left -sources

Bahrain’s Gulf Finance House GFHB.BH (GFHK.KW) Chief Executive Ted Pretty, who cut costs and rolled over debt but failed to kick start revenues, has left the cash-strapped firm.
A second source confirmed the departure. The sources said that disputes wi…

Gulf Finance House Still on Life Support

Gulf Finance House Still on Life Support

A number of financial institutions in the Middle East still try to recover from the effects of the global financial crisis. One of the most severely affected institutions was Gulf Finance House (GFH), which has been undergoing some radical restructurin…

Gulf Finance sees terms for $100m loan by July

Gulf Finance sees terms for $100m loan by July

Gulf Finance House, the Bahrain-based investment bank, aims to reach an agreement with creditors by early July on renegotiated terms for a $100 million loan as the lender seeks more time to implement its new business plan. The global financial crisis c…