BRAXXON and Gatehouse Bank plc

28 April 2008

Gatehouse Bank plc announced last week that it had received its licence as the fifth Islamic Bank to be authorised by the FSA to operate in the UK. BRAXXON were engaged in June 2007 as Programme Manager for the process of implementing the operating systems and designing the processes, a core part of the establishment of the new bank and in obtaining FSA authorisation. Over the following nine months BRAXXON supported the new bank with a small team of experienced investment banking consultants in the following areas.

• Overall programme management for the set-up project.
• Design of the Target Operating Model.
• Detailed process and procedure documentation.
• System selection and implementation.
• Interim Operations Management and staff training.

Bill Willison, BRAXXON Director responsible for the Gatehouse project, says “ This project utilised the full range of BRAXXON’s specialist expertise in order to establish a robust operating model for the new bank. We are proud to have been associated with the team at Gatehouse Bank over this period and look forward to their continued success.”

According to David Testa, CEO of Gatehouse Bank “The professionalism and expertise of Braxxon has been instrumental in getting us to this stage”.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development