Singapore Gulf Financial institution names ex-Fed Reserve vice chair to newly shaped world advisory board

SINGAPORE (Reuters) -Singapore Gulf Financial institution stated on Tuesday that it has appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly shaped world advisory board to help the digital lender’s worldwide progress technique.

Singapore Gulf Financial institution stated in an announcement that the worldwide advisory board shall be chaired by Whampoa Group’s founder Amy Lee.

Different board members embrace co-founder of China’s largest on-line journey company Ctrip Fan Min, founding CEO of Boyu Capital Louis Cheung and Beyon Digital’s CEO Shaikh Mohamed Khalifa Al Khalifa, amongst others.

Backed by Bahrain’s sovereign wealth fund Mumtalakat and Singapore-based funding group Whampoa Group, Singapore Gulf Financial institution is the primary absolutely licensed digital financial institution within the Center East North Africa or MENA area, in response to the assertion.

(Reporting by Yantoultra NguiEditing by Tomasz Janowski)