Executive Appointment: Tarek El Nahas to Join Mashreq as Head of International Banking

DUBAI, UAE – EQS Newswire – 20 January
2020 – Mashreq, one of the leading
financial institutions in the UAE, has appointed Tarek El Nahas as its new Head
of International Banking Group.

Tarek spent 25 years at Citibank, most recently as the Head of
Corporate and Investment Banking for North Africa, Egypt and Levant, managing teams across 6 countries in the MENA
region. He has held several senior roles in Egypt, Algeria and the UAE
and has extensive experience across a wide range of disciplines, including corporate
finance, investment banking, derivatives and structured products, commercial
banking and corporate banking. Tarek’s wholesale banking experience extended to
working with large corporates, financial institutions, sovereigns and the
public sector. Tarek has a BA in economics and political science from the American
University in Cairo and a MSc in economics from the London School of Economics.

Commenting
on the appointment, Ahmed Abdelaal, CEO, Mashreq Bank, said, “I am delighted to welcome Tarek to the Mashreq family. Our legacy
has been built upon a commitment to developing our leadership capabilities and
as we look to grow our international presence Tarek’s experience will be
invaluable.

“Tarek will take over from Jan-Willem Sudmann later this month. Jan
played a pivotal role in the success of Mashreq’s international banking story
for the last 4 years. We wish Jan good luck and gratitude for his service to
Mashreq.”

Tarek El Nahas, added: “I am excited to be joining Mashreq. Mashreq is recognized for
innovation and service excellence and with my regional experience, I look
forward to collaborating closely with my new colleagues to enhance the banks customer
experience and creating further inroads to the international business group for
Mashreq.

Image
link: https://imgur.com/Jrtofq4

About Mashreq:

One of the
UAE’s best performing banks for five decades, Mashreq (https://www.Mashreqbank.com/)
is a leading financial institution with an expanding footprint across the
Middle East. We have international offices across Europe, Asia, Africa and the
US, and a strong presence in all the financial capitals of the world.

As the oldest
bank in the UAE, our 51-year old journey can be traced back to humble
beginnings in 1967, followed by periods of rapid growth and strategic
expansion. Throughout our history, Mashreq has differentiated itself by
pioneering new-to-market concepts and launching unique products and services.

Our
innovative approach sets us truly apart. It also continues to win us
numerous awards and accolades in all the fields of banking we operate in —
Digital, Corporate, Retail, International, Treasury and Islamic, and
across the multiple banking channels we deploy — mobile, digital, online,
traditional and telephony.

Mashreq is
proud to be the only institution in the UAE to be awarded the Gallup Great
Workplace Award for six consecutive years from 2014 to 2019.