BankingBusinessFinTech

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.
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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.

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