BLMEBank of London and the Middle East (UK)
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BLME Private Banking will provide Islamic finance solutions to assist high net-worth individuals, entrepreneurs and their corporations in the UK, Europe and Middle East with their banking and investment management requirements.
Michael has been Interim CEO since 13th May 2015 prior to this he was BLME Holdings plc's Senior Independent Non-Executive Director.
2013 was an important year for both BLME and the Islamic finance industry.
The vision of Dubai to be the centre of the global Islamic economy is becoming a reality - what major steps does BLME believe need to take place to cement this vision?
BLME is unique in being the only Islamic bank in the UK to be profitable.
BLME sees significant potential for expansion in the GCC and the UK across its three key business areas -- corporate banking, treasury and wealth management, which includes asset management, private banking and Islamic capital markets.
Crescent Wealth founder and managing director, Talal Yassine, said: "Our partnership with BLME is significant because it is further evidence that Australia is being taken seriously as a viable growth market for Islamic funds management.
While 2010 was a tough year for the global banking industry, we worked hard to maintain our high levels of customer service and innovative product development," said BLME chief executive officer Humphrey Percy.
BLME has achieved an appropriate balance between liquidity and profitability.
Reval is an industrial strength solution supported by an excellent team of experts," says BLME Treasurer Mark Lynch.
BLME s involvement in this transaction highlights the continuous need for Islamic financing products as well as our capability to execute transactions across a number of jurisdictions.
Operating in the UK and the US, BLME funded over $310 million ([pounds sterling]200m) worth of leasing deals in 2012 alone, said Mark Jarvis, senior leasing manager at BLME.