Gatehouse Bank appoints Philip Churchill as Head of Real Estate (UK)

Gatehouse Bank, the fully Shariah-compliant wholesale investment bank based in the City of London, has reinforced its Origination team by appointing Philip Churchill as Head of Real Estate. Philip joined Gatehouse in December 2008. He brings with him a wealth of Islamic finance and real estate experience having been Head of Investment Management, Europe for four years with HDG Mansur, fund manager of the HSBC Amanah Global Properties Income Fund.

Prior to that, Philip worked at Citigroup for nine years, where he was involved in the establishment and investment of two Shariah-compliant European real estate funds. Philip's real estate experience covers a broad variety of property types, geographies and strategies.

David Testa, CEO, Gatehouse Bank, commented: "I am delighted that Philip has joined Gatehouse Bank. His appointment shows Gatehouse Bank's commitment to establish a real estate leverage and equity investment business. The current market conditions are creating long-term opportunities for value focused investors, especially those looking to enter the UK market. Philip's depth of Islamic real estate experience is a perfect complement to the existing team and extends our global and product expertise."

Philip Churchill, Head of Real Estate, Gatehouse Bank added: "Gatehouse Bank offers a unique opportunity to build a real estate finance and equity investment business, supported by its solid Kuwaiti shareholder base, wide client network and handpicked team of professionals headquartered in London. With the real estate market providing attractive opportunities while the traditional property lenders are currently inactive, Shariah-compliant banks are an attractive alternative, particularly for Gulf-based and Southeast Asia investors. I am looking forward to working on a diverse range of transactions and believe that, despite the economic gloom, the fall in real estate values provides an ideal opportunity for the Gatehouse team to support real estate investors."

Source: Madano

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