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January 2010

David Proctor: The banker who can’t get out of Qatar

by Eric Ellis

David Proctor thought he had found a once-in-a-lifetime opportunity to build a Gulf financial powerhouse at Al-Khaliji Bank. It didn’t work out. But almost a year after he was removed as chief executive Proctor’s life is in limbo, as Qatar’s authorities decline to grant him an exit visa that would reunite him with his family. Eric Ellis investigates.




Further reading

Qatar overhauls financial centre’s strategy 
February 1 2010

Qatar changes tack to boost financial centre
Financial Times, February 1 2010

The dangers of working in Qatar
The Independent, 27 January 2010

Banker's 12-month ordeal as 'hostage' of Qatari sheikh
Daily Mail, 19 ‎January 2010‎

DAVID PROCTOR’S biography as a career banker remains proudly displayed on the website of Al-Khaliji Bank, the three-year-old Qatari bank where "we pride ourselves in finding ways to do things differently".

Outwardly, there’s nothing particularly unusual about that. Bank executives often have their CVs puffed on the ‘About us’ tab of their banks’ websites. And Gulf banks do it often, both projecting a progressive image and boasting about the foreign talent they’ve lured to modernize their oil and gas-drenched emirates as emergent financial centres.

And what bank, particularly an ambitious start-up like Al-Khaliji with regional...



 
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