International bank Standard Chartered has appointed Taimoor Labib as managing director and head of private equity for the Middle East, North Africa and Turkey.
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Labib’s appointment comes as part of Standard Chartered’s strategic push to tap into MENA’s private equity market. Since 2002, the bank has made transactions worth $2.3 billion in size with the aim of providing growth capital for expansions, buy outs and balance sheet restructuring.Â
The bank invests in various asset classes including private equity, infrastructure, real estate and distressed investments.
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