Charles Haresnape will join Gatehouse Bank as Chief Executive Officer

LONDON, 9 February, 2017: Gatehouse Bank plc, the London-based investment bank, is pleased to announce that Charles Haresnape will join the Bank as Chief Executive Officer.

Fahed Faisal Boodai, Chairman and Co-Founder of Gatehouse Financial Group (“the Group”), is currently the interim CEO of the Bank until Mr. Charles Haresnape joins. Mr. Boodai will continue in his role as Chairman of the Group.

This appointment marks an exciting time for Gatehouse, as it seeks to deliver for shareholders on the opportunity which exists in banking activities, real estate investment and financing, and residential property financing. Gatehouse Financial Group will continue to use Gatehouse Capital as its advisory arm, while the Bank focuses on financing and banking products for the residential property sector.

Charles is joining Gatehouse from Aldermore, a specialised lender in the UK, where he spent six years as Group Managing Director, overseeing the mortgages arm. During his tenure the bank’s mortgage portfolio grew in excess of £5bn. Over his career Charles has worked in a number of senior lending roles, including at Royal Bank of Scotland where he headed mortgage intermediary sales for both the lender and NatWest for more than 10 years.

Fahed Boodai, Chairman of Gatehouse Financial Group, said: “I am delighted to see someone of Charles calibre joining us to lead the firm, he will be pivotal in leading Gatehouse during the next stage of its strategy and I look forward to working alongside him in achieving our ambitions for the firm, our clients and our shareholders.”

Mr. Boodai, Chairman of Gatehouse Financial Group and of Gatehouse Capital is currently CEO of Gatehouse Bank plc, and will step-back from these responsibilities but remain as part of the core team of Gatehouse overseeing an orderly transition of duties to Mr Charles Haresnape.

Charles’ appointment is subject to regulatory approval.