View more on these topics

Gatehouse makes clutch of leadership changes

Board-Room-Meeting-Room-Business-700.png

Gatehouse Bank has made a batch of leadership changes, including deputy chairman Lord Carrington and board director Mohamad Al-Tahawy resigning.

The shariah-compliant bank has also hired former Barclays managing director of mortgages Andrew Gray as non-executive director

Chairman Fahed Boodai has resumed his role, having been interim chief executive while handing over to current incumbent Charles Haresnape.

Haresnape joined the lender earlier this year after leaving Aldermore, where he was group managing director of mortgages.

Haresnape says: “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.”

Boodai says: “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.”

In May, Gatehouse said it would expand into residential and buy-to-let mortgage lending later this year for the first time.

Recommended

Business-Handshake-Finance-Deal-700.jpg

Former TSB head of property risk joins Gatehouse

Shariah compliant bank Gatehouse has appointed former TSB head of property risk Paul Stockwell as chief commercial officer. In May, Mortgage Strategy revealed that Gatehouse Bank will launch into the mainstream residential and buy-to-let mortgage market later this year. Prior to TSB, Stockwell worked for Aldermore Bank where he was responsible for all property development, […]

Haresnape-Charles-in-2012-700.png

Gatehouse targets mainstream market with Sharia mortgages

Gatehouse Bank will expand into residential and buy-to-let mortgage lending later this year for the first time, led by former Aldermore group managing director Charles Haresnape. Gatehouse will lend exclusively through brokers. Until now, the lender has provided only commercial mortgage lending. The lender plans to first concentrate on “competitive” standard residential mortgages at middling […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.