Board of Directors
Fahed Faisal Boodai
Fahed Boodai is the co-founder and Chairman of Gatehouse Financial Group, Chairman of Gatehouse Bank plc and the founder and Chairman of Gatehouse Capital. Mr. Boodai is also the Vice Chairman and CEO of Securities House, one of the largest shareholders of Gatehouse Financial Group. With more than 20 years’ investment banking experience specifically within the global real-estate market, he has presided over diverse real estate acquisitions and exits totalling more than US$3 billion. Mr Boodai holds an MBA from Loyola Marymount University in Los Angeles, California and a Bachelor of Science degree in International Business from the University of San Diego. He also occupies a number of external board and director positions. Mr Boodai’s family maintains overall control of the Boodai Corporation, a Kuwait-based holding company with diverse interests including construction, engineering and global real estate.
Gerald Gregory is a retired Managing Director of a diverse portfolio of businesses, he has significant strategic and operational experience in large (equivalent FTSE top 100) mutual retail financial services companies. He has extensive experience in strategy development and implementation, risk management, treasury and structured finance operations, marketing and sales. He retired from his executive career in March 2008 and since then has worked in a variety of Non-Executive Director roles mainly, but not exclusively, in financial services. He is very familiar with the UK liquidity and capital regimes and has been approved by the UK Regulator under the Approved Person’s Regime.
Abdulaziz Saud AlBader
Abdulaziz AlBader joined the Board of Gatehouse Bank in February 2017. He has been employed by the Kuwait Investment Authority (“KIA”) since 1989 and is currently Executive Director for Operations and Administration. Mr. AlBader has held other senior roles at the KIA including Executive Vice President, Human Resources & Administration at the Kuwait Investment Office, London. Prior to joining the KIA, he served as Director of the Minister’s Office, Ministry of Finance; and Director, Public Warehousing Company and Kuwait Fund for Arab Economic Development, Kuwait. He represented the KIA on the Board of Directors of Warba Bank from February 2014 to March 2016, where he was Chairman of the Risk Committee; Vice Chairman of the Audit Committee; and member of the Governance Committee. Mr. AlBader graduated from Kuwait University in 1980 with a BA in Accounting; holds an MBA in Finance from the University of Scranton Pennsylvania, USA; and is a member of the Kuwait Accounting Society.
Non-Executive Board Member
Steve Smith joined the board of Gatehouse as a Non-Executive Director, after serving as Chief Investment Officer at British Land Co. plc for three years. Prior to British Land, Mr Smith served as Global Head of Asset Management at AXA Real Estate Investment Managers Ltd. In that role, he was responsible for the asset management of a portfolio exceeding €40 billion on behalf of life funds, listed property vehicles, unit-linked and closed-end funds at AXA. Mr Smith has also served as Managing Director at Sun Life Properties for five years. He brings a host of real estate industry expertise to Gatehouse Financial Group.
Non-Executive Board Member
Craig Friedman joined the Gatehouse Bank Board as a Non-Executive Director with more than 20 years’ investment banking and investing experience. Mr Friedman founded Arch Street Capital Advisors, a full-service real estate advisory firm based in Connecticut, USA. Since 2003, Arch Street Capital Advisors has advised clients on more than $4 billion of acquisitions, dispositions and financings. The company is active in the industrial, office, multifamily, residential condominium, student housing, single-family rental and health care sectors of the US real estate market. Prior to founding Arch Street Capital Advisors, Mr. Friedman was an investment banker with Deutsche Bank‘s real estate investment banking group, based in New York
Chief Executive Officer
Charles joined Gatehouse Bank plc as Chief Executive Officer on 8 May 2017. Prior to joining Gatehouse, Charles was Group Managing Director at Aldermore Bank from January 2011, where he was responsible for residential and commercial mortgages, plus property development. Before joining Aldermore, Charles was with Connells, one of the UK’s largest estate agency groups, where he was Group Mortgage Services Director. Prior to Connells, Charles was responsible for intermediary mortgage lending at both NatWest and RBS, plus the branch mortgage sales force within NatWest. He has worked for a number of other household names in the banking and building society sectors, including Nationwide and HBOS where he was a senior executive, responsible for mortgage sales and portfolio acquisitions.
Chief Financial Officer
Twalha Dhunnoo became Chief Financial Officer in April 2011and joined the Board shortly afterwards as an Executive Director. Mr Dhunnoo originally joined Gatehouse as Head of Finance, Operations & IT in September 2007. Alongside the leadership team, he played an important development role and managed the FSA authorisation process that led to Gatehouse Bank obtaining its banking licence in April 2008. Earlier in his career, Mr Dhunnoo held various London-based roles with Ernst & Young, Mellon Bank and Deutsche Bank. He holds a Masters degree in Engineering from the University of Cambridge and is a member of the Institute of Chartered Accountants for England & Wales.
The Gatehouse Board of Directors has a general duty to ensure that the Bank conducts its business in accordance with all relevant statutory and regulatory Shariah requirements.
The general duty includes specific responsibilities for ensuring that:
- The business has an effective system of internal control and management of business risks and is conducted in accordance with the Financial Conduct Authority and the Prudential Regulation Authority’s principles for business;
- Adequate records are maintained to the satisfaction of the Board of Directors and the Bank meets regulatory and legislative responsibilities regarding records;
- A strong capital base is maintained to support the development of the Bank’s business and to meet regulatory capital requirements at all times;
- The Bank’s Compliance department and internal and external auditors are capable of undertaking their duties;
- An integrated system of planning and budgeting is in place to ensure that the Bank can efficiently and effectively achieve its strategic objectives;
- The composition of the Board is reviewed to reflect current and future business requirements.
Gatehouse has chosen its independent non-executive directors on the basis of the experience and skill-set that they contribute to the Board.