IslamicFinance.de

Islamic Bank of Britain (IBB) has announced the promotion of Matthew Glover to the newly created positon of Head of IT & Change. Mr Glover's remit is to manage the Bank's transformation programme as it enters a period of expansion. His is the third senior appointment this year, including Keith Leach as Chief Commercial Office and the confirmation of Sultan Choudhury as Chief Executive Officer. All three appointments have followed the Bank's acquisition, in early 2014, by Masraf Al Rayan (QSC). Since then, IBB's new parent has invested £100milion of capital to support the Bank's ambitious growth targets. IBB also recently announced that subject to formal shareholder approval, it will be changing its name from Islamic Bank of Britain to Al Rayan Bank, in December 2015.