BACB has a new focus on real estate
A series of key appointments at London based trade finance bank, British Arab Commercial
Bank (www.bacb.co.uk) will see the bank re-positioning its UK Real Estate business.
At the Bank, Stephen Bell has been appointed as Managing Director and Chief Risk Officer. Recently serving as Chief Executive and Chair of Investment Committee for a private-equity backed real estate lender, Stephen has held a variety of Executive and Board roles with a focus on risk, strategy, transformation and restructuring. Former employers include Wellesley Group, Ulster Bank Group, Allied Irish Banks, Barclays, and General Electric and he is a serving Independent Non-Executive Director on the Board of Homes England.
Taking up the role of Head of Real Estate is Richard Burrows. Joining BACB in 2019, Burrows previously held senior positions at the Bank of China, the Co-operative Bank, the Financial Services Authority (FSA) and Citigroup. He continues to hold a Non-Executive Directorship at UK Mortgages Limited.
“As BACB moves towards its next phase of safe, sustainable growth, it is vital that we maintain a sharp focus on strengthening our risk strategy and framework and our core trade finance offering for the markets that we serve,” says CEO Eddie Norton.
Additional appointments include Sami Al-Sharif and Michael Rolfe. Al-Sharif returns to BACB as Deputy Chief Executive Officer and will work closely with CEO Eddie Norton to drive business development in North Africa, with a particular focus on Libya as the political and economic situation in the country continues to improve.
Michael Rolfe will be the Bank’s new Head of Trade Finance. Rolfe assumes the role in addition to his existing responsibilities at BACB, and has been promoted to Managing Director reporting directly to CEO Eddie Norton. Rolfe will focus on the Bank’s core trade finance competencies, using his extensive expertise and leadership skills to ensure the continued delivery of excellent tailored trade finance solutions for clients operating in specialist markets.
“I am confident that the skills, experience and unique perspectives of Stephen, Sami, Michael and Richard will prove invaluable to the senior leadership team at BACB,” comments Norton