Finance
Barclays Bets on Middle East and Elevates Two Co-CEOs for Region
With the move Barclays is putting the Middle East on par with its other main regions around the world.
Photographer: Charles Crowell/Bloomberg
Barclays Plc elevated a pair of senior leaders to oversee its growing business in the Middle East in a move that shows the region’s growing clout both on the global financial stage and within the bank.
The London-based lender named Khaled El Dabag and Walid Mezher as joint chief executives for the Middle East, according to a statement. The two will continue to be based in Dubai and will now report to Stephen Dainton, head of investment bank management.