His appointment follows the opening of Standard Chartered’s new Iraq headquarters, and first branch, in November last year, with the aim of servicing the financial needs of its multinational corporate clients in such sectors as oil and gas, and construction.
In addition to Baghdad branch, Standard Chartered said it will be opening two other branches in Iraq, one in Erbil during March 2014 and then Basra later in the year.
Muallah was previously the founding member and partner of IQI, a private investment company in Baghdad, where he will continue to be based.
He also held the position of Middle East CEO of Renaissance Capital, where he established investment banking and asset management divisions, and before that worked in London for Deutsche Bank, Citibank and Barclays Capital.
Mullah’s role will be based in Baghdad reporting to Tarek Anwar, co-head of wholesale banking and regional head of client coverage for Middle East North Africa and Pakistan.
Gavin Wishart, chief executive officer, Standard Chartered Iraq said that the country “has great potential for sustainable economic growth”.
