Singapore Gulf Bank (SGB), the digital bank backed by Bahrain’s sovereign wealth fund Mumtalakat and privately-held Singapore-based investment firm Whampoa Group, today announced the appointments of Ali AlShamma (left) as Chief Financial Officer (CFO) and Elaine Leong as Chief Operating Officer (COO).
These strategic hires reinforce SGB’s mission to empower frictionless interaction between digital and traditional finance. The bank is set to launch by next month.
Ali, with his experience as CFO at both Goldman Sachs Saudi Arabia and Citigroup Saudi Arabia, will steer SGB’s financial strategy and bridge the markets between Asia and the Middle East and North Africa region.
As COO, Leong brings her expertise from GIC and Sygnum to lead SGB’s global operations, enabling a hyper-connected solution that serves a digital-first ecosystem.
SGB Founding Chairman of the Board Edmund Lee said they are pleased to have both Ali and Leong onboard their journey to transform how global users access banking services as SGB aims to build a financial universe accessible to all.
SGB is pioneering a new era of banking where everyone can easily access and manage digital assets alongside traditional assets within one integrated network.
Underpinned by robust AML/KYC processes, SGB will serve as the vital link between mainstream financial services and the rapidly advancing digital asset economy, empowering the next billion users with access to the future of finance.
