Mashreq Bank has appointed Hassan Orooj as the new Director – Head of Debt Capital Markets (DCM) and Syndicate. This appointment follows his promotion from his previous role as Director, Syndicate, a position he held since April 2022. Orooj steps into the role previously held by Aditya Kotibhaskar, who now serves as Managing Director and CFO at Al Khaleej Investment PJSC.
Hassan Orooj’s Background
Orooj’s career progression at Mashreq highlights his expertise in the debt capital markets. Before joining Mashreq, he worked with HSBC for two years, gaining valuable experience that will support his new role.
Mashreq’s DCM Success
Orooj assumes leadership at a time when CEEMEA’s debt capital markets are experiencing strong growth. According to Mashreq’s DCM report from January 15, 2025, new bond issuances this month have reached $23.1 billion, slightly surpassing last year’s $22.5 billion.
Saudi Arabia’s Bond Issuance
In a notable development, Saudi Arabia led the way with a $12 billion senior unsecured triple-tranche conventional REGS/144A bond, with Mashreq serving as a book runner. This move reflects the growing strength of debt markets in the region.