BusinessCompany NewsIslamic Bank of Britain FD resigns

Islamic Bank of Britain FD resigns

Piranie set to step down before taking new role at another financial institution, but his destination is shrouded in secrecy

The
Board
of Islamic Bank of Britain
has announced that its finance director and joint
managing director Ashraf Piranie has handed in his notice.

Piranie is set to leave on 31 March, but his new post at another UK financial
institution is currently a closely guarded secret. 

In a statement to the
stock
exchange
IBB said: ‘The Board of Islamic Bank of Britain PLC announces with
great regret the resignation of Mr Ashraf Piranie, effective from 31 March 2007.
We would like to thank Ashraf for his significant contribution to the
establishment and development of the Bank. He has also played a key role in
developing Islamic Banking in the UK and in achieving the necessary changes in
UK legislation.’ 

Piranie, an ACCA fellow, joined IBB Directors in July 2005, where his
executive responsibilities included Finance, IT, Treasury Credit & Risk.
He was previously finance director of the retail banking arm of
Alliance
& Leicester
.  

IBB added: ‘Ashraf will continue to play an important role in the bank’s
activities during his notice period’, but in regards to his next destination
would only say: ‘He will be joining another UK financial institution at
board level.’ 

A spokesperson added that details of his replacement were also unavailable at
the time of press.

Related links:

Aviva FD steps into chief executive’s
shoes
 

New CFO for AXA Financial 

Barclays’ FD speaks out about his
resignation

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