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

As the oldestbank in the UAE, our 51-year old journey can be traced back to humblebeginnings in 1967, followed by periods of rapid growth and strategicexpansion. Throughout our history, Mashreq has differentiated itself bypioneering new-to-market concepts and launching unique products and services.

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

Mashreq isproud to be the only institution in the UAE to be awarded the Gallup GreatWorkplace Award for six consecutive years from 2014 to 2019.