<p class="MsoNormal" style="text-align: justify; line-height: 150%; direction: ltr; unicode-bidi: embed;"><span style="font-size: 11pt; line-height: 150%; font-family: Arial; color: black;">First<br/>Leasing Bank, the first bank in the GCC specialising in industrial equipment<br/>leasing, held a handover ceremony today, at which outgoing CEO James Cracco<br/>formally passed the reigns on to new CEO, Gregory T. Brinkerhoff. Brinkerhoff<br/>comes to First Leasing Bank from Oracle Corporation in <st1:state w:st="on">California</st1:state>,<br/><st1:country-region w:st="on"><st1:place w:st="on">USA</st1:place></st1:country-region>,<br/>where, he was part of the senior management team which drove Oracle’s vendor<br/>financing programme through its first major growth phase, increasing vendor<br/>financing to over $1 billion annually. As part of the senior management team,<br/>Brinkerhoff spent 15 years with Oracle Corporation developing and managing lease<br/>financing programmes in North America, Asia Pacific and <st1:place w:st="on">Europe</st1:place>.<br/><o:p></o:p></span></p><br/><br/><p class="MsoNormal" style="text-align: justify; line-height: 150%; direction: ltr; unicode-bidi: embed;"><span style="font-size: 11pt; line-height: 150%; font-family: Arial; color: black;"><o:p> </o:p></span></p><br/><br/><p class="MsoNormal" style="text-align: justify; line-height: 150%; direction: ltr; unicode-bidi: embed;"><span style="font-size: 11pt; line-height: 150%; font-family: Arial; color: black;">“The<br/>equipment leasing industry in the Gulf is still in its infancy, and, as the<br/>pioneer of equipment leasing in the GCC, First Leasing Bank is well positioned<br/>to capitalise on its potential for growth. While many challenges still lie<br/>ahead for me in my new role, the Bank, under Jim’s guidance, has built a solid<br/>foundation for itself from which to further expand its business regionally,”<br/>said Brinkerhoff.<o:p></o:p></span></p><br/><br/><p class="MsoNormal" style="text-align: justify; line-height: 150%; direction: ltr; unicode-bidi: embed;"><span style="font-size: 11pt; line-height: 150%; font-family: Arial; color: black;"><o:p> </o:p></span></p><br/><br/>
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