GIB appoints robert sargent as head of asset management
Gulf International Bank (GIB) has announced the appointment of Mr. Robert Sargent as Head of Asset Management at the Bank’s subsidiary in London, Gulf International Bank (UK) Limited.
Mr. Sargent has over 20 years experience in asset management, largely developed at Morgan Stanley where he ran the Investment Management business for Europe, Asia, Middle East, Africa and Australia. His most recent position was with Lehman Brothers Asset Management as Chief Executive Officer and Business Head for the EMEA regions.
Commenting on the recent appointment, Dr. Yahya Alyahya, GIB’s Chief Executive Officer, said: “this senior level appointment is a significant step in our efforts to expand our franchise through a client-led asset management business. Mr. Sargent will initially focus on enhancing and growing existing products and portfolios with the intention of expanding the investment strategies and products over time.”
On his part, Mr. Sargent said: “I am very excited to join GIB and to take responsibility for one of the region’s leading asset management franchises. I believe that our business has vast potential and, combined with the evolving financial landscape, we have significant opportunity for future growth.”
GIB is one of the Arab world’s largest commercial manager of client assets, which exceed US$ 14 billion. It offers a wide range of investment products for institutional investors in the Middle East and Europe, including: developed and emerging market bonds, global equities, funds and structured products. The Bank employs in its London-based operation 24 asset managers, strategists and analysts.
Besides asset management, GIB provides client-led, innovative financial products and services to a wide customer base in the GCC region, including investment banking, capital markets debt securities, private equity, project and structured finance and Islamic banking.
