Norton Rose has reaffirmed its commitment to the Islamic financial sector with the appointment of Mohammed Paracha to its banking practice in Bahrain, as partner and deputy global head of Islamic finance. The appointment further strengthens Norton Rose Group’s Islamic finance presence in the Middle East, following the relocation of Neil Miller, global head of Islamic Finance, to the Dubai office last year.
Paracha specialises in Islamic financial and banking transactions, and joins the firm from Al Salam Bank-Bahrain BSC, where he was executive vice president and head of Europe. Previous to that he spent three years in the London banking team at Norton Rose. “We are delighted to be welcoming Mohammed back to the practice following the success he has had with Al Salam Bank. He brings with him a great deal of valuable experience. He will add further to the depth of our long-established Middle East practice,” group head of banking at Norton Rose Group, Jeremy Edwards said.
According to the firm, Islamic finance and banking will continue to grow as the global financial markets adjust to new regulatory requirements and as the economies of Muslim-majority countries develop.
“We’ve been active in the Middle East for over 30 years and Mohammed’s appointment to the Bahrain office will add to the strength of our banking and Islamic finance presence in the region,” global head of Islamic finance Neil D Miller said. “The local market knowledge and key relationships Mohammed has established in the last few years gives him insight to the priorities of major banks. It’s a perspective that means he will be a valuable addition to our team in the region, working with our extensive banking and financial institutions client base. I look forward to him working with me as the deputy global head of Islamic finance,” Neil said.
Norton Rose has been active in the Middle East since 1979 and has offices in Abu Dhabi, Bahrain, Dubai and Riyadh (in association with the Abudulaziz Al-Assaf Law Firm). ALB
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