By John Lee.
Standard Chartered has announced the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq.
Commenting on the appointment, Gavin Wishart, Chief Executive Officer, Standard Chartered Iraq said:
“This appointment comes as another testament to our long term commitment to Iraq. Standard Chartered is bringing its best international financial business practice and governance models to service our multinational clients. We believe Iraq has great potential for sustainable economic growth and we believe we can play a leading role in further supporting the country realize its full economic potential. I would like to welcome Ahmed to the team and I am confident he will be instrumental in further developing our business in the country.”
Standard Chartered launched its on-the-ground wholesale Banking operations with the opening of its headquarters and first branch in Iraq, in Baghdad during November 2013.
The Bank will be opening two other branches in Iraq, one in Erbil in March 2014 and then Basra later in the year.