European Islamic Investment Bank plc appointments in Bahrain
- Bahrain: Sunday, June 03 - 2007 at 14:58
- PRESS RELEASE
European Islamic Investment Bank plc ("EIIB"), the first independent, Sharia'a compliant Islamic investment bank to be authorised and regulated by the UK Financial Services Authority, today announced a number of appointments in its Bahrain and London offices.
In London, Nadia Bucci has been appointed European Sales Manager, Asset Management, and David Nassif-Farah has been appointed Manager, Product Development. Both appointments are within the Asset Management Department.
Zohaer Eitani, an experienced Relationship Manager within Private Banking, is joining EIIB from American Express Bank, Private Banking. He was previously with Banque Saudi Fransi, from May 1994 to July 2006, based in Jeddah, Saudi Arabia.
Nasreen Majeed joins EIIB following 14 years with TAIB Bank in their Real Estate Division. In her most recent role at TAIB Bank, since 2003, she was the Senior Manager, Real Estate Division, and was involved in various acquisitions/dispositions across the UK, Europe and USA.
Nadia Bucci has five years experience in Sales & Business Development across Europe. She was previously with Riskdata S.A., as European Sales Manager, and before this was Business Development Manager for Fortis Prime Fund Solutions, Italy and London.
David Nassif-Farah joins EIIB from JP Morgan Asset Management where he was Associate, Funds Support & Management. While there, he also worked closely with the Product Development Teams covering Liquidity, Private Banking & Alternative Products. Prior to JP Morgan Asset Management, Nassif-Farah was with Fidelity Investments International as an Associate Director responsible for Product Development for the Institutional Cash Fund between 2000 and 2006. From 1995 to 2000, he was with American Express working in UK and European project and credit-related roles.
In addition, Sue Clark is now working with EIIB as an Advisor, Real Estate, covering its offices in London and Bahrain. Prior to becoming an independent advisor, Sue was Director, Head of Real Estate at TAIB Bank and a member of their Executive Senior Management Committee.
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Notes and Media Contacts »
EIIB was incorporated in January 2005 and received its authorisation by the FSA on 8 March 2006. On 3 April, it opened for business, and on 17 May completed its IPO and was admitted to London's AIM market.
Headquartered in London, EIIB's range of products and services include the following Sharia'a compliant investment banking activities:
- Islamic Treasury and Capital Markets
- Asset Management, including Private Banking
- Structured Trade Finance
- Corporate Finance and Advisory
- Sharia'a Advisory.
EIIB aims to deliver a full choice of alternative investment opportunities, enabling Islamic investors to construct balanced and sophisticated portfolios which can access a full range of asset classes internationally.
EIIB will seek to service a market for Sharia'a compliant investment banking services in Europe, the Middle East and Asia that it believes has been under-exploited by conventional and Islamic banks, and by non-banking institutions. EIIB intends to become a major participant in the market for Islamic securities, treasury and investment products, which is currently experiencing rapid growth.
The founding shareholders of EIIB include Gulf based individuals and institutions, including a number of Islamic banks, as well as individuals and companies based in Europe.
Further information:
Issued on behalf of European Islamic Investment Bank by Hill & Knowlton.
For more information contact Sami Amin on
Tel: +973 17 533532,
Fax: +973 17 533370
EIIB plc
John Weguelin
Tel: +44 20 7847 9910
Fishburn Hedges
Mark Tierney/Michelle James
Tel: +44 20 7839 4321
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