Bank of London and the middle east appoints head of syndication

Bank of London and the middle east appoints head of syndication
  
Bank of London and The Middle East plc (BLME), the Sharia’a compliant London-based wholesale bank, today announced that it has appointed Roscow Lucas as its Head of Syndication. Roscow has over 20 years’ experience in the syndicated loans market and will assist the bank in addressing the growing requirement for larger and more complex Islamic funding.

Roscow has spent 11 years at Australia and New Zealand Banking Group Limited (ANZ), where he was Head of Global Syndication and involved in deals in the Middle and Far East, South East Asia and Latin America. Roscow also contributed significantly to maintaining ANZ’s position as number one arranger in India and Pakistan.

Humphrey Percy, CEO of BLME, said:
“The syndicated Islamic finance market is growing at unprecedented levels. As the transactions within our market become bigger and more complex, syndicated finance will become an increasingly important mechanism for Islamic bankers. Roscow has enjoyed a long and distinguished career in this area and his appointment is excellent news to BLME. His experience is undoubtedly a major asset to our bank.”

Roscow Lucas commented:
“At a challenging time for global financial markets, corporations are looking for alternative sources of finance. Syndicated Islamic finance is a potential alternative liquidity source and therefore increasingly attractive in today’s market. I am looking forward to joining BLME and capitalising on the strong growth potential of syndicated loans in the Islamic finance market.”