Move to new HQ in GBCORP TOWER
In a strategic move, major Bahrain-based investment bank GBCORP has announced the relocation of its headquarters to the new GBCORP TOWER at the Kingdom of Bahrain’s leading financial district, the Bahrain Financial Harbour. GBCORP TOWER is fully owned by GBCORP.
The move to the GBCORP Tower also marks GBCORP’s successful completion of one year of operations as an award winning, fast growing shari’a-compliant investment bank and marks the beginning of its vision of ushering in a new era of global Islamic investment banking.
Speaking on the occasion, Mark Hanson, Chief Executive of GBCORP said “This is the beginning of our journey towards greater achievements and I am sure this move to our new headquarters will further consolidate our team and enable us to work more cohesively to address the challenges that arise on our way forward. Our specialist investment banking team is expanding rapidly, and our business success has pushed the demand for a new headquarters with the required space to accommodate our growing needs.”
GBCORP’s growing specialist team, currently standing at over 80 staff, will be accommodated on five floors in the GBCORP Tower, which consists of 21 floors, advancing the ability of its investment team to continue providing clients with a high-return, professional and personalised service and allowing GBCORP to add to its existing workforce. There have been some major appointments in the past six months including Ahmed Al Khan, as the new Head of Investment and more recently, Khalid Al Jaber as Head of Compliance.
“GBCORP’s new headquarters will enable the Bank to effectively service the expanding needs of our investors and the continued growth of all of our functional units including Wealth Management, Investment Placement, Investment Banking and related operations. We continue to see extraordinary demand for our shari’a-compliant investment products driven by our global expansion strategy," added Mr. Hanson.
Mr. A.Monaim Bastaki, GBCORP’s Chief Operating Officer, added to Mr. Hanson’s comments by saying; “The move to our new headquarters will help each department to fully utilise the Bank’s operations and build on the strong culture that has been developed across all the teams now that we are in one place. The first 12 months of the Bank’s operation has been marked with success and we have been recognised as one of the fastest growing shari’a-compliant investment banks in the GCC. We look forward to the future and using our landmark new headquarters to its full potential.”
The Bahrain Financial Harbour business district is the perfect location for GBCORP to leverage on its position as a significant player in the global investment market. Bahrain Financial Harbour is a world-class, fully integrated waterfront development located in the centre of Manama. Viewed as a model for the future, Bahrain Financial Harbour provides a highly technological, specialist banking and finance centre. The success of GBCORP over the past year looks to continue following the strategic move to the GBCORP Tower.
