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Shariah compliant Gatehouse Bank appoints Capital Markets director

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Points of Essence:

  • Gatehouse Bank has appointed Michael Clarke as their director of Capital Markets. He was formerly with Abu Dhabi Islamic Bank.
  • Michael was instrumental in winning numerous mandates for syndicate financings and was also behind a series of strategic product initiatives. An Islamic Finance News Award earlier this year for Best Kazakhstan Deal was a testimony of his expertise.

By Catherine Murray

The recently FSA approved Shariah-compliant wholesale investment bank Gatehouse have just announced the appointment of Michael Clarke as their director of Capital Markets. David Testa, CEO, Gatehouse Bank, comments that “Michael fits our model of hiring those rare people who combine first rate investment banking skills with a proven track record in Shariah-compliant finance. His long experience in international roles, and specifically in syndicated Islamic financings, will prove a great asset and further strengthens a highly credible team.”

Clark is equally keen to have joined the team, saying “The Gatehouse Bank Capital Markets team is at the forefront of the UK Islamic finance industry and is ideally positioned to play a key role in the growth of the industry. I am truly excited about working with the team.”

Michael joins Gatehouse from Abu Dhabi Islamic Bank where he spent the last seven and a half years in a number of roles, most recently as Assistant Vice President of Financial Institutions.

During his time there, Michael was instrumental in winning numerous mandates for syndicate financings and was also behind a series of strategic product initiatives. Furthermore, Michael was awarded an Islamic Finance News Award earlier this year for Best Kazakhstan Deal.

With a banking career spanning more than twenty years, Michael was previously at Jordan International Bank and NatWest Bank in London, Hong Kong and New York.

Michael has a BSc in Banking & International Finance from Cass Business School and was formerly on the United Arab Emirates Steering Committee for PRMIA.

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Written by Suapi Shaffaii

August 7, 2008 at 3:59 am

Posted in Appointment

Tagged with , ,

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