Gatehouse Bank reveals board changes

The sharia-compliant bank revealed that Lord Carrington of Fulham and Mohamad Al-Tahawy have resigned from the board.

Meanwhile, Fahed Boodai has resumed his role as chairman of the bank after completing the handover of the interim CEO role to the new CEO Charles Haresnape, who was appointed earlier this year.

Gatehouse has also appointed Andrew Gray as a non-executive director.

With more than 30 years of experience in the UK banking industry, Andrew has previously served as managing director of mortgages at Barclays and as deputy chairman of the Council of Mortgage Lenders.

Andrew’s appointment is expected to bring a depth of experience to challenge and assist in the development of Gatehouse’s future strategy and proposition.

“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,” said Charles.

Speaking of the changes, Fahed added: “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.”