Standard Chartered Bank announced earlier this week the appointment of Abbass Husain (Abbass Husain) as the new regional head of corporate finance for Africa and the Middle East. According to a statement from Tropics Nigeria, Hussein will also hold new positions and serve as the project and export director for the Middle East, North Africa, and Pakistan. The statement said he will live in Dubai.
Hussein has nearly 24 years of banking experience, including 17 years with Standard Chartered Bank, and he reportedly leads one of the largest and most successful projects and export financing teams. The available information also points out that he has a good track record in the structure and execution of financial transactions in the power sector, oil and gas sector, metals, and infrastructure.
It should be noted that Hussein provided consulting in his previous position, organized and executed more than 50 transactions, thus raising up to $100 billion in funding for the company. He has won many awards, including the best trader of the year in Europe, the Middle East, and Africa awarded by EMEA Finance in 2017. Under his leadership, the MENAP project financing business is recognized as the best project financing company in the region. In the past few years. Through his leadership role in the field of renewable energy, he has also made important contributions to promoting the bank’s commitment to sustainable finance.
Prior to joining Standard Chartered Bank, he worked at Citibank where he managed the portfolios of multinational and local companies. He also served as a diversified portfolio manager at Bank of America. Commenting on Hussein’s appointment, Sunni Kaushal, CEO of Standard Chartered Bank Africa and the Middle East, said:
“The appointment of Abbas demonstrates the commitment we have made in developing top leadership talent within the bank. We are focussed on the continued growth of our business, and he brings a valuable wealth of experience in successfully advising clients across a diverse range of sectors in our footprint. As we navigate the current COVID-19 crisis, Abbas will play a crucial role in supporting our clients across Africa and the Middle East during this challenging period.”