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Our ethos is to be fair and transparent. SMEs and PSPs that choose to work with us benefit from the low-cost basic corporate banking products we offer. We have a strong focus on international transactions and multi-currency cash management services.

Our Team

David Price - CEO & Board Director

David is a highly accomplished CEO with a track record over 30 years of delivering growth for Banks and Technology start-ups. He is currently a Director of the Faster Payments Scheme Limited and has held Non-Executive Director positions with Reliance Bank and The University of Northumbria, where he was also Chairman of the Enterprise Advisory Group.

Keith Watts - General Manager, Wholesale Currency Services Division

Keith is responsible for all the bank’s trading activities. He started the Wholesale Currency Services and related Foreign Exchange business when he joined the bank in 2013. Keith has spent his career as a specialist in Wholesale Currency Services (WCS), having set up similar businesses around the world, for organisations such as Republic National Bank of NY, Citibank, Thomas Cook, Barclays and Bank of Ireland. 

Antonio Gutierrez - Chief Operating Officer

Antonio has over 25 years banking experience. He has held senior posts in Operations, IT and Legal departments. He is a dual-qualified lawyer under English and Spanish law. He is IFQ qualified and set up the Islamic Banking unit for EAB Bank in London. Before that, Antonio was part of the project team that prepared the launch of a new subsidiary for Arab Bank plc in Europe. He was Vice-president at Arab Bank plc in Spain where he was in charge of the IT, Customer Services, Data Protection and Legal departments. He also worked as Head of IT at Westdeutsche Landesbank AG in Spain and for Commerzbank AG.

Gary O'Brien - Head of Compliance and MLRO

Gary is a compliance practitioner with over 25 years experience. He has advised and led regulatory initiatives at major financial institutions. Prior to joining BFC Bank, he held AML related consulting roles at Turing Experts, HSBC, BDO UK, RBS and BT Pension Scheme Management. Before that, Gary was Head of Compliance and MLRO at ABN AMRO Bank and Exane BNP Paribas.

Muj Malik - Chief Financial Officer

Muj is responsible for Finance and Treasury with over 20 years experience in financial services and the banking sector. Before he joined BFC Bank, Muj was CFO at London Business Bank and a senior finance consultant at Deutsche Bank. Prior to this he was Chief Financial Officer at Dexia Bank, with responsibility for strategic alignment of the UK bank to meet the group’s objectives after the financial crises of 2008. He spent over ten years in the Banking and Capital Markets team at Deloitte where he worked on a wide range of bank client and advisory assignments. Muj is a fellow of the Institute of Chartered Accountants in England & Wales.

Mark Garrity - Senior Relationship Manager SMEs

Mark has worked in retail and commercial banking for over 35 years in a variety of traditional bank manager roles for Midland Bank and then HSBC. The last 15 years focused in the Commercial and International sectors to support SMEs with turnovers from £5 million upwards. Mark was responsible for credit facilities to international SMEs and bespoke products to help clients achieve their goals.

Mark chose BFC Bank as, while the media titled it a ‘Challenger Bank’, it is in fact much more.

Meet the Directors

The BFC Values

Our aim is to become a trusted banking partner for businesses that require access to cash management facilities, international and UK payment services. This is accomplished through our Values as follows:


Care

We are passionate about understanding our clients and responding in a manner that meets their needs.

Efficiency

We work hard looking for ways to improve our operations through creativity and innovation. We are a professional, diverse team that connects with our clients.

Trust

We are open, honest, accountable and operate in everyone’s best interest.

We work together to create a culture of respect and appreciation for all.

A brief history of Bahrain

Bahrain is a dynamic commercial hub. For over 4,000 years, it has been a financial centre and major trade route. Its economic heritage dates back to when the Dilmun civilisation controlled the Persian Gulf.

This Gulf is renowned for document seals whose form and decoration show the active role they played in Dilmun society. Document seals from Dilmun were used extensively across the Middle East and North Africa. They provide evidence of long-distance commerce in copper and other goods between ancient civilisations.

Each Dilmun seal had its own intrinsic value and story. Some were used as charms, talismans and stamps on property. Some depict Gilgamesh, the oldest heroic figure in literature, who killed the ‘Bull of Heaven’. The bull’s head inspires the brand image of BFC Bank.

Bahrain was the first Gulf state to discover oil in 1932. It benefitted from the wealth this created to become one of the dominant economic centres in the Gulf Corporation Council (GCC). It was also the first Gulf state to move away from dependence on oil. It has been the region’s leading financial centre since the 1980s.

Bahrain was one of the first bourses in the GCC to list instruments such as preferred shares, bonds, Islamic Sukuks and mutual funds.

Bahrain Stock Exchange has a market capitalisation of USD19 billion. It has a wide range of listed securities and 400 diverse financial services companies. These are made up of local, regional and international firms. Its modern banking system combines cutting-edge digital technology with age-old traditions to make it one of the world’s fastest growing banking and financial centres.

History of BFC Bank

The Bahrain Financing Company (BFC) was founded in Bahrain in 1917 to trade gold bullion and foreign currency. It built a recognised and well-respected reputation for moving money safely, transparently and efficiently.

1991 – Bahrain Exchange Company, Kuwait was established; now a leading foreign exchange and money transfer specialist.

2003 – BFC Exchange Limited (formerly known as EzRemit Limited) was established in the UK.

2008 – Bank Alkhair Bahrain acquired a controlling stake in BFC and formed BFC Group Holdings W.L.L. Bahrain (BFC Group).

2013 – BFC Wholesale Currency Services was launched in the UK to engage in wholesale buying and selling of travel related banknotes.

September 2016 BFC Bank Limited received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) in the UK.

2017 – BFC celebrates its Centenary. Today it is present in over 40 countries with more than 55,000 agent locations worldwide and is a leading Global Money Transfer Operator.

From BFC Exchange to BFC Bank

BFC Group’s strategy continues to expand its operations beyond Bahrain and Kuwait. BFC Exchange is now a trading name within BFC Bank Limited whose two core business activities are personal retail remittances and retail foreign exchange. BFC Exchange operates from 15 branches in the Greater London area and an online remittance solution. EzRemit is the payment product of BFC Exchange. It is the brand name of BFC’s Global Money Transfer Operator (GMTO) for small value remittances. EzRemit is a centralised hub that supports cross-border payments on behalf of BFC Group, its affiliates and third party agents in the UK and overseas.


Start your BFC Bank journey. Call us on 0208 181 3700