Singapore Gulf Financial institution (SGB), an upcoming digital financial institution, has appointed Ali AlShamma as Chief Monetary Officer and Elaine Leong as Chief Working Officer.
AlShamma brings in depth expertise from his roles as CFO at Goldman Sachs Saudi Arabia and Citigroup Saudi Arabia, whereas Leong joins SGB from Sygnum and GIC.
These appointments come as SGB prepares to launch in November 2024.
Backed by Bahrain’s Mumtalakat and Singapore-based Whampoa Group, SGB plans to attach conventional and digital finance, permitting customers to handle each digital and conventional belongings in a unified platform.
The financial institution is targeted on connecting markets in Asia and the Center East and North Africa (MENA) area.
SGB claims to be the primary absolutely licensed digital financial institution in Bahrain, serving international buyers, innovators, and establishments.
Edmund Lee, Founding Chairman of the Board of SGB, stated,
“We’re happy to welcome Ali and Elaine as they be part of us on our journey to rework how international customers entry banking providers.
Collectively, we are going to construct a monetary universe accessible to all.”
SGB is backed by Bahrain’s sovereign wealth fund, Mumtalakat, which introduced its funding within the financial institution in March 2024, and Singapore-based funding agency Whampoa Group.
Featured picture credit score: Edited from Freepik
