Three Years of GSB

As we approach GSB’s 3rd anniversary tomorrow, it’s a great time to reflect on our transformation from when we launched in 2021.

From a humble beginning with just a handful of employees, we’ve blossomed into a robust team of nearly sixty exceptional individuals. What’s truly heartening is seeing each team member’s personal and professional growth. Their dedication to self-improvement and career advancement has been instrumental in delivering world-class experiences to all of our clients. We’ve also achieved significant milestones, such as securing our UK FCA licence, opening our DIFC Gate office and being recognised as the first international firm to achieve CISI Chartered FirmTM status. All of which have contributed to our growth and success.

Reflecting on the past three years, Alison Whatnall, Co-Founder and Group Chairperson, highlights the gratification derived from creating opportunities within and beyond our industry. Emphasising GSB’s commitment to making a difference and giving back to society through meaningful charity initiatives, expressing excitement for what lies ahead:

“The most exciting part about growing GSB over the past three years has been the opportunities we have created for people who work within our industry and further afield. For me, that has been hand on heart, the most rewarding part of starting up GSB and what I love the most. At GSB, I believe we are doing something different. We are investing in what matters and giving back to society. From Evolvin’ Women, The Sparkle Foundation, Brothers ‘N Oars, and many more, our collaboration work has been immensely rewarding, and I am so excited for what the future holds for us.”

Recounting the journey from humble beginnings to the recognition of GSB as an industry thought leader, Ross Whatnall, CEO and Co-Founder, underscores the collective dedication to delivering exceptional service to clients. This shared goal will endure for years to come:

“We started with just a handful of us, but with a collective focus to make a change and difference. With that vision, we now have nearly sixty talented and creative people who proudly work and represent the values of GSB. Everyone working within our community has the common goal of ensuring we deliver exceptional service to all our fantastic clients. This will continue for many years to come. Every one of us should be proud of what we have achieved.”

Team GSB

We are delighted to share the news that the GSB community continues to grow with Michelle Devine’s and Connor Rebello’s appointments, as we build the proposition.

Michelle Devine is appointed Director of GSB Capital, based in our London office. With over 15 years of experience, predominantly in M&A, Michelle brings a robust portfolio of expertise to enhance our corporate clients’ advisory services. Having worked for renowned advisory firms, including J.P. Morgan and Grant Thornton UK LLP, and serving as Senior Manager of Corporate Development at Farfetch, Michelle’s strategic expertise and dynamic leadership promise to propel GSB Capital to success.

Connor Rebello joins GSB as Private Client Manager based in London. Connor comes from an International Business background, where he previously worked within the Tax Advisory & Corporate Funding Sectors. His previous role encompassed maintaining and developing c-suite-level client relationships across a number of industries, with a particular focus on Technology-based innovative companies across London and the rest of the UK.I am delighted to introduce you to Michelle Devine and Connor Rebello who have joined GSB.

Welcome to the team!

Further appointments will be announced throughout the year as we scale out our presence in the UAE, UK and KSA.

International Women’s Day – 8th March

We celebrated International Women’s Day this month with an event at Dubai’s Meydan Racecourse. A big thank you to everyone who joined us; your presence made the occasion truly special.

Meeting many remarkable women from diverse industries and hearing about your experiences and passions was a pleasure.

A special acknowledgement goes to the incredible women from EVOLVIN’ WOMEN who shared their inspiring stories. Their stories showcased the remarkable achievements possible when we support each other.

CSR Work

As part of the Holy Month, our Impact Committee distributed 95 Ramadan boxes this week to the fantastic employees at Atlas Printing Press LLC in Al Quoz.

At GSB, we are dedicated to helping the community, especially during the important month of Ramadan. We strongly believe in social responsibility and making a positive impact on society.

Thank you to our incredible Impact Committee for their hard work and dedication. They raised the funds needed and took the time to pack and distribute all the boxes to ensure they reached those who would benefit from them.

GSB Impact - Ramadan Boxes

UK Spring Budget 2024

The Rt. Hon Chancellor Jeremy Hunt MP, Chancellor of the Exchequer, announced the UK’s Spring Budget on Wednesday 6th March 2024.

Key highlights:

  • National insurance rate drops from 10% to 8% in April.
  • Economy predicted to grow by 0.8% this year and 1.9% in 2025.
  • Expected inflation to fall below 2%.
  • Government debt projected to decrease gradually.
  • Non-dom tax status abolished; replaced by a fairer system in April 2025.
  • Property Capital Gains Tax (CGT) higher rate reduced from 28% to 24%.
  • Introduction of the “British ISA,” providing an extra £5,000 tax-free allowance for UK asset investment.

Managing Partner Stuart Ritchie discusses the potential impact of these updates. You can read more about this on our website.

Lending to Foundations Webinar

David Smylie, Head of GSB Private partnered with M-HQ to co-host a webinar focussing on:

  • Exploring the transformative impact of UAE Foundations on wealth management.
  • How strategic lending can support the rising popularity of Foundations.
  • The mutual benefits for banks and founders in tapping into this market.
  • Insights into tailoring sophisticated lending products to meet the unique needs of Foundation owners.

To watch the webinar, please register here.

GSB on Dubai Eye 103.8

GSB’s Chief Commerical Officer, Dean Kemble, spoke with Brandy Scott at Dubai Eye 103.8 about:

  • Parkin IPO raising $429 million
  • DP World posting a 33% drop in 2023 profit
  • Majid Al Futtaim reporting $735 million profit for 2023

Catch the highlights from Dean’s insightful interview here.

We hope you enjoy reading this month’s newsletter. We always welcome any comments, thoughts or feedback. If you would like to send us any suggestions, don’t hesitate to contact us.

Yours Sincerely,

Ross Whatnall
CEO & Co-Founder

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