Mashreq, a leading financial institution in the MENA region, has appointed a new CEO to lead the expansion of its asset management business, Mashreq Capital, oversee investments, strategic client engagement, and the development of innovative solutions to meet market needs.

Philip Philippides brings more than 28 years of experience from across major global financial institutions, including Morgan Stanley, Blackrock/iShares, MSCI, and Amundi, as well as his own strategic consulting practice.

With a wealth of expertise in asset management, fund distribution, and ETFs, Philip has a track record of creating substantial revenue and AUM growth.

His achievements include the expansion of Amundi’s ETF and active fund business in the UK, and the successful distribution of multiple asset classes, from ESG investments to alternative and real assets, across markets.

Ahmed Abdelaal, Group CEO of Mashreq, said: “We are pleased to have Philip join Mashreq Capital at a time of significant growth and opportunity in asset management. His vast experience, particularly in creating market-leading investment solutions and driving client success, will be instrumental as we continue to expand our footprint in the MENA region.

“Philip’s insight and forward-thinking approach align seamlessly with Mashreq’s vision to deliver innovative, high-value solutions for our clients, and to lead with purpose in the financial industry.”

In his new role, Philippides will focus on driving the growth of assets under management, engaging with clients, and positioning Mashreq Capital as a leading asset management provider within the MENA region.

His remit will also include developing and overseeing new investment solutions and ensuring Mashreq Capital remains at the forefront of market trends.

Philippides said: “I am honoured to join Mashreq Capital and excited by the possibilities that lie ahead. Mashreq is well-positioned to elevate its asset management business, and I am eager to work with our talented team to bring impactful, innovative solutions to our clients.

“I look forward to building on Mashreq’s legacy of excellence and pushing the boundaries of what we can achieve in asset management to drive sustainable growth for our clients and our stakeholders.”

Philippides holds an MBA (Executive) from Bayes Business School, an MSc in Mechanical Engineering from Brunel University, and a BEng in Mechanical Engineering from the University of London (Queen Mary). – TradeArabia News Service