Mashreq has announced the appointment of Philip Philippides as the CEO of Mashreq Capital. With over 28 years of experience from major global financial firms like Morgan Stanley and Blackrock, Philippides will lead the expansion of Mashreq Capital’s asset management business.
Philipides’s career spans significant roles at Morgan Stanley, Blackrock/iShares, MSCI and Amundi, along with his strategic consulting practice. He has a proven track record of driving growth in both revenue and assets under management. His previous achievements include expanding Amundi’s ETF and active fund business in the UK and distributing various asset classes, including ESG investments.
“I am honored to join Mashreq Capital and excited by the possibilities that lie ahead,” said Philippides said. “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.”
In his new role, Philip will focus on growing assets under management, engaging clients, and positioning Mashreq Capital as a top asset management provider in the MENA region. He aims to develop new investment solutions and ensure the company stays ahead of market trends.
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 holds an MBA from Bayes Business School and degrees in Mechanical Engineering from Brunel University and the University of London (Queen Mary).
