GIB appoints Katherine Garrett-Cox as Managing Director and Chief Executive Officer of its UK subsidiary

Gulf International Bank B.S.C. (GIB) is pleased to announce the appointment of Katherine Garrett-Cox as Managing Director and Chief Executive Officer of Gulf International Bank (UK) Limited (GIB UK), a wholly owned subsidiary of GIB, effective 2nd October 2017, subject to the approval of the Prudential Regulation Authority (PRA).

The appointment is part of GIB’s strategic focus on expanding its asset management and treasury services across the GCC and internationally through its London-based subsidiary GIB UK.

Katherine has over 27 years of investing experience in the global asset management industry and has had responsibility for managing institutional and retail funds, both within the UK and internationally, across a broad range of investment disciplines. Most recently, she was the Chief Investment Officer and Chief Executive Officer of Alliance Trust PLC, where her responsibilities included oversight of the entire business, asset allocation and the development of the asset management subsidiary.

Prior to Alliance Trust PLC, Katherine served as Chief Investment Officer and Executive Director of Morley Fund Management, now Aviva Investors, and prior to that, as Chief Investment Officer of Aberdeen Asset Management PLC.

Katherine also serves as a Member of the Supervisory Board of Deutsche Bank AG. In 2014, she was awarded a CBE for services to the asset management industry and charitable services through the Baring Foundation, where she has served as Vice Chair and currently Chair of the Investment Committee. She served as a member of the UK Prime Minister’s Business Advisory Group from 2012-15 and the Scottish Business Board, chaired by the Secretary of State for Scotland during the same period.

GIB UK Chairman, Dr. Yahya A. Alyahya, said: “Katherine is a highly skilled professional and we are delighted to have her join our team to spearhead our pursuit to further expand and develop our asset management business.” 

Commenting on the appointment of Katherine, GIB's Chief Executive Officer, Mr. Abdulaziz A. Al-Helaissi, said: “I am delighted to have Katherine join us to lead the future development of GIB UK. The business has achieved many milestones and already has assets under management in excess of US$ 14.5 billion, making us one of the largest GCC-owned asset managers in the market. She brings a wealth of experience that will help us in our efforts to develop the GIB UK business and expand our presence.”

On her new appointment, Katherine said: “I am looking forward to working with the team to build the investment management brand in the UK and internationally, bringing a wider range of innovative investment solutions, both conventional and Sharia compliant, to a broader client base.”