QIB-UK, a wholly owned subsidiary of QIB Group, has announced the appointment of Richard Musty as chief executive officer.
Musty assumed his role in January 2023, bringing with him expertise in leading sustainable growth, managing change, and overseeing end-to-end operations in various banking sectors, including retail, private banking, commercial, treasury trust, and the real estate market. With over 20 years of experience as a CEO for leading banks worldwide, Musty’s appointment strengthens QIB-UK's leadership.
With a diverse skillset spanning various sectors, Musty is a seasoned leader known for his strategic vision, deep industry knowledge and delivery in addition to his experience in the Gulf region where he worked for seven years.
As the new CEO at QIB-UK, Musty will lead the organisation in the next step of its journey of service excellence, sustainable growth, and multi-channel client contact.
Musty said, “I am honoured to join QIB-UK and to be part of an organisation that is dedicated to delivering exceptional Islamic banking solutions. I look forward to driving responsible growth, building upon QIB-UK’s strong foundation, and further enhancing our position as a leading provider of Islamic financial services in the real estate market.”
QIB-UK is renowned for its comprehensive range of products and services catering primarily to high-net-worth individuals and families from Qatar and the rest of the Gulf. The bank specialises in private banking and real estate finance services, offering products to assist its client when acquiring or refinancing real estate assets, in London or across the UK, in the residential or commercial sectors.
As part of its real estate finance service, QIB-UK offers clients assistance in areas, such as due diligence, KYC, compliance, and insurance. Other private banking products include bank accounts, Wakala deposits, and Murabaha real estate finance.
QIB-UK offers its products and services to clients looking to purchase properties in the UK, including premium flats and houses in London for occupation or for buy-to-let, as well as residential blocks or residential portfolios, offices, student accommodations, hotels, industrial, logistics and residential developments across the UK.
QIB-UK can support clients who structure their purchases through on-shore or off-shore corporate entities as well as through partnerships and in personal names. QIB-UK has assembled a team of real estate specialists to ensure clients are well-placed to seize the best opportunities in the market.
QIB-UK provides clients access to the mobile app and Internet banking to simplify and securely manage their accounts with ease. Whether through an iOS or Android mobile phone or the Internet banking portal, customers can experience a range of features, including balance viewing, transaction history, inter-account transfers, UK domestic transfers, foreign exchange, international payments, direct debit management, standing order control, statement access, secure messaging with QIB-UK, and convenient biometric login options.