Islamic Bank of Britain, has appointed a new Commercial Director to oversee the Sales, Marketing and Operations functions of the company.
Sultan Choudhury, formerly Director of Sales at the bank, has been promoted to the Commercial Director role, which became vacant following the promotion of Gerry Deegan to Managing Director in January 2007.
Mr. Choudhury joined the bank in January 2004, and was responsible for setting up Head Office Operations.
This allowed the company to successfully lobby the UK banking regulator, the Financial Services Authority (FSA), for a banking license.
Subsequently, he took over the Retail arm of the company, and increased the branch network to eight locations including London, Birmingham, Leicester and Manchester, as well as the introduction of internet banking services.
Mr. Choudhury previously held Senior roles at Deloitte and Touche, Barclays Private Bank and Charles Schwab Europe.
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Managing Director, Gerry Deegan said: "Sultan has made a significant contribution to the development of the Islamic banking in the UK, and he has been integral to the past successes of the company.
"We have ambitious plans going forward, and Sultan will be at the heart of our future successes."
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