Change of CEO at GlobalCapital

In his new position as Vice President Asset and Fund Management with British American’s office in London, Mr. Portelli will have a senior role covering international asset management and fund activities of the group as well as new initiatives.

The Board of Directors of GlobalCapital p.l.c has appointed Mr. Bashar Khatib as Chief Executive Officer of the company. Khatib has also been appointed as designate CEO of the company’s regulated operating subsidiaries, GlobalCapital Financial Management Limited, GlobalCapital Life Insurance Limited, GlobalCapital Health Insurance Agency Limited and GlobalCapital Insurance Brokers Limited.

Prior to his appointment as CEO of GlobalCapital p.l.c. Mr. Khatib has been actively involved in the financial services sector for over 20 years with a strong focus on life insurance.

He has held senior positions with a number of multi-national financial services companies in the United States, Europe, the Far East and the Middle East and brings with him a wealth of experience including knowledge of Islamic Insurance having recently been responsible for the establishment and management of a premier dedicated Shariah compliant Life and Health Insurance Company in the United Arab Emirates.