Graeme Laing has been appointed a senior leasing manager at Bank
of London and The Middle East plc (BLME).
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BLME launched in 2007 having received FSA authorisation to
operate a standalone wholesale Sharia’a compliant bank based in the
City of London.
Graeme joins BLME from CIT Group (UK) Ltd, where he held the
position of European programme manager. He was responsible for the
overall management of various European vendor programmes. He
managed and grew direct deal opportunities across Europe and
introduced wholesale and syndication capabilities to the European
Vendor Finance business to enhance product offerings.
In February 2008 BLME raised a further £75m from existing and
new share holders via private placement increasing paid-up capital
to £250m.
Laing commented: “I look forward to contributing … [to] BLME,
and working as part of such a capable and experienced team, which
has made significant and positive strides in developing its
business since launch last year.”
Islamic finance is based on the principles underlying Islamic
law – known as Sharia’a. The key difference between Islamic finance
and conventional finance is the avoidance of interest (riba).
Paul Collett
