Mashreq Capital names Philip Philippides as new CEO
Mashreq, a leading financial institution in the MENA region, has announced the appointment of Philip Philippides as the new CEO of Mashreq Capital. With nearly three decades of experience in global financial markets, Philip is set to lead Mashreq Capital’s ambitious plans for growth, focusing on expanding its asset management business and delivering innovative investment solutions tailored to evolving market needs.
In his new role, Philip will oversee the firm’s strategic investments, client engagement, and the development of cutting-edge solutions to position Mashreq Capital as a leading asset management provider in the MENA region. His leadership will be instrumental in driving growth in assets under management (AUM) and ensuring Mashreq Capital remains at the forefront of market trends.
Philip’s extensive career spans 28 years across major financial institutions, including Morgan Stanley, BlackRock/iShares, MSCI, and Amundi, as well as his own strategic consulting practice. Known for his expertise in asset management, fund distribution, and exchange-traded funds (ETFs), Philip has a proven track record of delivering substantial revenue and AUM growth. His notable achievements include expanding Amundi’s ETF and active fund business in the UK and successfully distributing a diverse range of asset classes, from ESG investments to alternative and real assets.
Ahmed Abdelaal, Group CEO of Mashreq, expressed confidence in Philip’s ability to elevate Mashreq Capital’s standing in the market. “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’s insight and forward-thinking approach align seamlessly with Mashreq’s vision to deliver innovative, high-value solutions for our clients, and to lead with purpose in the financial industry.”
Philip also shared his enthusiasm for his new role, stating, “I am honored to join Mashreq Capital and excited by the possibilities that lie ahead. 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 stakeholders.”
Philip’s academic credentials include an MBA (Executive) from Bayes Business School, an MSc in Mechanical Engineering from Brunel University, and a BEng in Mechanical Engineering from the University of London (Queen Mary).
With his appointment, Mashreq Capital underscores its commitment to growth and innovation in the asset management sector. The firm is confident that Philip’s extensive expertise and leadership will play a pivotal role in achieving its strategic goals and strengthening its reputation for excellence in the MENA region.