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  • Islamic finance is set to take off in Oman. The country’s ruler Sultan Qaboos bin Said Al Said first authorised the establishment of Islamic banking in May 2011 following popular demand. IFIS spoke to Hamood Al Zadjali, executive president of the Central Bank of Oman, to discuss the development of Islamic finance in the Sultanate and the CBO’s expectations and future plans for Islamic banking.
  • The Philippine Stock Exchange (PSE) has joined IdealRatings to screen listed companies on the PSE for Shariah compliance.
  • Law firm Norton Rose Fulbright has made senior corporate partner David Baylis head of corporate, mergers and acquisitions and securities in the Middle East, a new job at the firm.
  • Pradeep Pattem, head of credit and mortgage markets, EMEA, at Royal Bank of Scotland has left following a shake-up across credit and asset backed products at the bank.
  • These are the terminal stages of subsistence broking in Austerity Britain. I've been labouring with an increasingly frenzied intensity throughout the year but, deprived of the oxygen of commission, I am starting to lose consciousness. While muscle-memory may keep me going for a little while longer it’s only a matter of time before I go the way of the dodo and disco.
  • Gilles Planté has been appointed deputy chief executive for international and institutional banking (IIB) at ANZ after nearly two years leading the bank’s efforts in Asia Pacific. He started his new role on December 9.