Mashreq: Hassan Orooj Appointed as Head of DCM
Portfolio - People | Jan 24, 2025 | Zawya
Mashreq Bank, a prominent financial institution in the UAE, has appointed Hassan Orooj as Director - Head of Debt Capital Markets (DCM) and Syndicate. This promotion follows his previous role as Director, Syndicate at the same bank since April 2022. Orooj succeeds Aditya Kotibhaskar, who has moved on to become the Managing Director and Chief Financial Officer at Al Khaleej Investment PJSC. Orooj's appointment comes at a time when debt capital markets in the CEEMEA region are experiencing significant growth, having started 2025 on a strong note. Mashreq's DCM report highlighted that $23.1 billion in new bond issuances have been recorded in January alone, surpassing the $22.5 billion from the same period the prior year. Notably, Saudi Arabia led with a major bond issuance, with Mashreq serving as a bookrunner.
Sectors
- Banking
- Financial Services
- Investment Banking
Geography
- United Arab Emirates – Mashreq Bank is based in the UAE, influencing its operations and organizational changes.
- Saudi Arabia – Saudi Arabia is mentioned as a leader in bond issuance, significant to the article's financial context.
- CEEMEA Region – The article discusses the debt capital markets within CEEMEA (Central and Eastern Europe, Middle East and Africa).
Industry
- Banking – Mashreq Bank operates within the banking sector.
- Financial Services – The article discusses debt capital markets and bond issuances, key segments of the financial services industry.
- Investment Banking – Involvement in DCM and bond issuance activities categorizes this under investment banking.
Financials
- $23.1 billion – The amount of new bond issuances recorded by Mashreq's DCM report in January.
- $22.5 billion – The amount of new bond issuances recorded during the same period last year.
- $12 billion – The value of Saudi Arabia's senior unsecured triple-tranche bond issuance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mashreq Bank | Appointing Company | Company | A leading financial institution in the UAE appointing Hassan Orooj as head of DCM. |
| Hassan Orooj | Appointed Person | People | New Director - Head of Debt Capital Markets and Syndicate at Mashreq Bank. |
| Aditya Kotibhaskar | Former Head of DCM | People | Previously held the role now occupied by Hassan Orooj. |
| Al Khaleej Investment PJSC | Employer of Former Head | Company | A UAE-based diversified investment holding company employing Aditya Kotibhaskar. |
| Saudi Arabia | Major Bond Issuer | Government | Led bond issuances, with Mashreq serving as a book runner. |