MOVES-Britain's largest Islamic bank Al Rayan appoints new COO | Reuters

MOVES-Britain's largest Islamic bank Al Rayan appoints new COO | Reuters:

Birmingham-based Al Rayan Bank, Britain’s oldest and largest Islamic lender, said on Wednesday it had appointed Paul McMillan as chief operating officer as part of the bank’s expansion efforts. McMillan will oversee operations, an area the bank is investing heavily to grow its business, after the lender tapped the capital markets in February raising 250 million pounds ($352 million) via a debut sale of Islamic bonds. McMillan, a former chief executive of mortgage servicing firm Acenden, takes over the role from the bank’s previous COO Venkat Chandrasekar.