UBK builds Islamic team

02 September 1994
FINANCE

Two asset managers have been hired by the Islamic Investment Banking Unit (IIBU) of the United Bank of Kuwait (UBK), the London-based consortium bank.

Derek Weist, formally of Ernst & Young, and Robbie Morrison, previously of British & Commonwealth Merchant Bank, are to service client needs in leasing property, trading and currency investments.

The new recruits increase the IIBU team to six. The unit has recently launched an interest-free residential housing programme in the UK in partnership with Kuwait Finance House. The Dublin-based IIBU mutual funds, established earlier this year, is continuing to perform better than originally expected, UBK says.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications