StanChart names new CEO for Lebanon
Beirut, April 15, 2013
Standard Chartered has appointed Dan Azzi, a seasoned Lebanese banker with global expertise, as the new chief executive officer for its operations in Lebanon.
This is the first time the bank has appointed a Lebanese to lead its strategy in the country.
Prior to taking up this position, Dan was the regional head of Global Markets and co-head of Wholesale Banking for the Mena and Pakistan region based in Dubai.
Christos Papadopoulos, the regional CEO (Mena and Pakistan) said, "Standard Chartered has a strategic presence in Lebanon and we see good potential for us to continue supporting its economy. This appointment comes as part of our direction to develop Arab Nationals to lead the bank’s businesses in the region."
Dan, he stated, brings a wealth of experience to the role which will be important both in terms of driving the on-shore business and further developing its network business.
A holder of Bachelor’s degree from the American University of Beirut, a Master’s degree from the University of Illinois (Urbana), and an MBA from Columbia University in New York,. Dan has lived, worked in, and travelled to over 70 countries.
He joined Standard Chartered in 2008 as the head of trading and in 2009 he was appointed as regional head, Global Markets and co-head Wholesale Banking, for Mena and Pakistan.
He brings to his new role a wealth of experience with leading global financial institutions, including Bear Stearns Asia, where he was senior managing director/head of synthetic equity & securities finance for Asia & Japan. Before that, he spent seven years with Deutsche Bank in New York and Hong Kong.
On his new role, Dan said, “The Lebanese economy continues to be resilient and adaptive in the face of local political challenges and regional conflicts continuing to register growth rather than contraction. The country has great potential and we remain committed to supporting our customers and clients."
"With our in-depth knowledge of the local market, strong network and international capabilities, we are well positioned to continue providing world class financial services in the country," he added.-TradeArabia News Service
More Finance & Capital Market Stories
- Saudi inflation plunges to four-year low
- UAE investment appetite 'strengthens' says expert
- Dubai mulls rule change to woo domiciled funds
- UAE cbank extends $20bn of Dubai debt
- Saudi can achieve 4.4pc growth this year
- Emaar listing of retail unit 'within months'
- Dubai Investments nets $29m profits
- Compliance officers facing diverse pressures, says study
- Abu Dhabi finance dept inks deal with Ajman
- Kuwait registers 8pc credit growth
- Bahrain Sico funds net solid returns
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m