ISLAMABAD: Standard Chartered has appointed Christos Papadopoulos as Chairman of Standard Chartered Saadiq Islamic Banking. Christos, currently the Bank’s Regional CEO, Middle East, North Africa and Pakistan, will take on additional responsibility for the Islamic banking business as its Chairman and continue to be based in Dubai.
Commenting on the appointment, V Shankar, Group Executive Director and CEO, Europe, Middle East, Africa and the Americas said, “Islamic finance is an integral part of the business at Standard Chartered and we are seeing growing demand from clients in many of our markets, particularly across Asia and the Middle East. As Chairman, Christos will complement the team’s strong leadership in our Saadiq headquarters of Dubai and Kuala Lumpur to deliver sustained business performance”.
Christos commented, “Since establishing our Islamic Banking unit in 2003, we have continued to invest to support the financing and investment needs of our clients globally. As a leading International bank with a strong commitment to Islamic Banking, we are well-positioned to participate in the continued growth of the industry. I look forward to working with the team to deliver the quality of services that our clients and customers have come to expect from Standard Chartered Saadiq”.
Christos Papadopoulos has been with Standard Chartered for seven years and was previously Global Head, Financial Institutions prior to being appointed Regional CEO in 2010.
The Islamic finance industry has become an increasingly important part of the overall banking sector, with assets at commercial banks projected to exceed USD2 trillion by 2015[1]. As a leading player in Islamic finance, Standard Chartered has been providing Shariah-compliant solutions to clients and customers since 2003.
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