Mashreq, a leading financial institution in the MENA region, announces the appointment of Philip Philippides as the new CEO of Mashreq Capital. In his role, Philip will lead the expansion of Mashreq Capital’s asset management business, overseeing investments, strategic client engagement, and the development of innovative solutions to meet the needs of a dynamic market.
Philip is a seasoned financial expert with over 28 years of experience in prominent institutions like Morgan Stanley, Blackrock/iShares, MSCI, and Amundi. He has a proven track record in asset management, ETF distribution, and various asset classes, including ESG investments and alternative assets. Philip’s expertise has contributed to significant growth and revenue generation for these organizations.
Commenting on the appointment, 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 position, Philip will be responsible for growing Mashreq Capital’s assets under management, strengthening client relationships, and establishing the firm as a leading asset management provider in the MENA region. He will also play a key role in developing and overseeing new investment solutions and ensuring that Mashreq Capital stays ahead of market trends.
Philip Philippides, CEO of Mashreq Capital said: “I am honored 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.”
