Gatehouse Bankhas has bolstered its sales team with the appointment of Mourad Mekhail as managing director of institutional wealth management. Mourad will be reporting directly into Ewa Gracey, head of distribution.

In his new position, Mourad will be heading up the placement team for institutional wealth management products, which includes structured instruments and fund products, catering primarily to a client base of Islamic institutional investors and sophisticated quasi-institutional (private office) investors.

The institutional wealth management team will focus initially on two key business areas: long-only, asset-based funds such as real estate and private equity and structured products, including indices-linked collateral.

Mourad comes to Gatehouse from Merrill Lynch Bank Suisse. Mourad was also previously director of wealth management at UBS AG, Cairo office.

Gathouse is a fully Shariah-compliant wholesale investment bank recently approved by the Financial Services Authority.

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