Published: August 17, 2009
Mashreq has appointed John Iossifidis as the new executive vice-president and head of international banking. He will be responsible for developing Mashreq's business across the Middle East and North Africa.
An expert in the field, Iossifidis brings with him over two decades of experience in the banking industry, with a strong background in corporate banking, strategy development, project management and finance. Before joining Mashreq he was the regional head, origination and client coverage business across the Middle East and wholesale banking for Standard Chartered Bank. Within this role, Issofidis was focused on developing and executing business strategy, driving performance, in addition to developing the bank’s relationship with key corporate and institutional clients around the region. Before joining Standard Chartered, Iossifidis had a 16 year career with ANZ Bank, with his last position as their CEO for Sri Lanka.
Mashreq reported a 3% year on year increase in operating revenues for the first six months of 2009 in spite of challenging market conditions. Revenue for the second quarter of 2009 remained strong at AED1.2bn, equal to the first quarter’s revenue of the year.