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

Revolut’s Storonsky Strengthens Residency in UK After Filing Error

CEO Nik Storonsky clarifies residency status following administrative mistake.Highlights: Nik Storonsky corrects residency status following a filing error.Revolut's...

PicPay Strengthens Position with $25 Billion Valuation in New York IPO

The Brazilian payments platform PicPay goes public, marking a significant milestone.Highlights: PicPay valued at $25 billion following its...

Long-Term DEI Efforts Strengthen Business Outcomes

Exploring how diversity, equity, and inclusion impact corporate success.Highlights: Diversity, equity, and inclusion (DEI) enhance employee engagement.Companies with...

EBAday Fintech Zone Winners Strengthen Industry Presence

Insights into past winners and their ongoing impact on fintech.Highlights: EBAday 2023 showcased multiple fintech innovations.Winners are expanding...