Gibraltar International Bank (GIB) has named Lawrence Podesta and Derek Sene as new CEO and COO respectively, with effect from 2 May 2014.

The new hires have been approved by the Gibraltar’s Financial Services Commission.

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Podesta has joined GIB from Lombard Odier Gibraltar, most recently serving as COO and deputy CEO at the bank, where he has worked since 1996.

He also served in number of roles within the bank including financial controller for the London office of LODH between 2009 and 2011.

Podesta has begun his career as a client relationship clerk with Barclays in 1976. He has also served on the Board of the Gibraltar Investor Compensation Scheme and the Deposit Guarantee Scheme and on the Committee of the Gibraltar Bankers Association.

Prior to joining GIB, Sene most recently served as head of personal & premier banking at Barclays in Gibraltar, where he has worked since 1974. He has also served on the committee of the Gibraltar Bankers Association.

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Albert Isola financial services minister said: "They are both outstanding talents in the banking world with almost 80 years of experience in banking between them. The appointments are the first step in delivering a modern innovative institution designed to meet the needs of our community, licensed and regulated by the Financial Services Commission and independently managed by banking professionals."