Singapore Gulf Bank strengthens C-Suite ahead of launch

  • Ali AlShamma has been appointed as Chief Financial Officer (CFO) of SGB. He previously served as CFO for Goldman Sachs and Citigroup in Saudi Arabia.
  • Elaine Leong has been named Chief Operating Officer (COO). She previously held the COO role at Sygnum in Singapore and has worked with State Street, Citi, and GIC.
  • AlShamma will focus on leading financial strategy and connecting markets across Asia and the MENA region.
  • Leong will oversee global operations for SGB.
  • SGB is backed by Whampoa Group (Singapore) and Mumtalakat (Bahrain’s sovereign wealth fund).
  • The bank is set to launch by November 2024, offering a platform to manage both traditional and digital assets.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Amazon Launches Pay by Bank Feature in the UK

New payment method aims to enhance shopping convenience for customers.Highlights: Amazon launches Pay by Bank in the UK.Feature...

FCA Appoints KPMG to Strengthen Open Banking Consensus

U.K. regulator seeks expert guidance to shape future of open banking.Highlights: FCA appoints KPMG to aid open banking...

Nationwide Boosts Digital Signing for Mortgage Deeds

First lender to enable full online signing of mortgage documents.Highlights: Nationwide allows full digital signing of mortgage deeds.This...

Square Launches AI Data Assistant, Enhancing User Insights

New tool aims to simplify data interpretation for businesses.Highlights: Square launches AI Data Assistant for improved data analysis.Tool...