John Iossifidis to take the helm at Noor Bank
Following news reports by Reuters earlier this week, Banker Middle East can confirm from its own sources that John Iossifidis, Head of Corporate and Investment Banking Group at Mashreq will be joining Noor Bank as its CEO.
After an eight year stint at Mashreq Bank, Iossifidis has resigned from Mashreq. Unnamed sources have confirmed to Banker Middle East that Iossifidis will be joining Noor Bank as its CEO. Expected to begin in August, Iossifidis is set to replace Hussain Al Qemzi, current Chief Executive of the bank and Group Chief Executive of Noor Investment Group.
Iossifidis is expected to be replaced at Mashreq by Nabeel Waheed, current Head of Treasury and Capital Markets for Mashreq.
Iossifidis holds an MBA and B.Ec (Acctg.) from Monash University, Australia. He joined Mashreq in 2009 and has 33 years of experience in the Middle East and South Asia region in corporate banking, strategy, project management and finance.