Pella to head Mashreq investment unit

Mashreq

has appointed Christophe Pella as head of its asset management unit and chief executive of its Mashreq Capital arm, the Dubaibased bank said yesterday. Pella served as a global rates portfolio manager in London at Legal & General Investment Management. His appointment at Mashreq is subject to regulatory approval. Mashreq Capital is based in Dubai’s financial free zone and conducts investment and advisory work, while the parent Mashreq is the emirate’s third-largest commercial lender by assets. (Staff Report)