Monday, 23rd November 2009

 
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21 January 2009 - Tara Loader Wilkinson

Sharia'a-compliant private bank launched in the UK

Bank of London and The Middle East is launching a fully Sharia'a compliant private bank, as the latest bank to move into this sector.

BLME Private Banking will provide Islamic finance solutions to high net worth individuals and entrepreneurs in the UK, Europe and Middle East.

Adrian Gayler will head the business; he joins from Merrill Lynch International Bank. He will report to Humphrey Percy, chief executive officer at BLME.

The new private banking offices will be based in Mayfair along with the already established wealth management team.

Humphrey Percy said: "Despite difficult financial market conditions we see this as an opportune time to launch a private banking business. High net worth individuals are increasingly concerned about preserving their wealth and will be looking for counsel and best-of-breed services and solutions, which BLME will offer to clients.”

Tags: Bank of London and The Middle East , BLME , Humphrey Percy

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