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European Islamic Investment Bank Seeking CFO After Kidd Appointment Collapses(Alliance News Via Acquire Media NewsEdge) LONDON (Alliance News) - European Islamic Investment Bank PLC Wednesday said that it is looking for a finance boss after its February decision to appoint Michael Warren Kidd, the Chief Operating Officer of its majority-owned Rasmala Investment Bank and Head of Strategy and Principal Investment at EIIB, fell through. "The board regrets to announce that Mr. Kidd will not assume the position of Chief Financial Officer," the specialist investment banking and asset management group said in a statement. On February 27, European Islamic Investment Bank had said that it had decided to appoint Kidd as CFO subject to obtaining regulatory approval and completing the requisite procedures for the appointment of a director of an AIM quoted company. European Islamic Investment Bank shares were Wednesday quoted down 2.5% at 195.00 pence. Copyright 2014 Alliance News Limited. All Rights Reserved. |