StanChart names MENA chief

Taimoor Labib, who joined Standard Chartered in March from Riyadh-based Jadwa, will head the bank's MENA and Turkey private equity operations.

International bank Standard Chartered has appointed Taimoor Labib as managing director and head of private equity for the Middle East, North Africa and Turkey.

Taimoor Labib

Labib joined Standard Chartered in March from Riyadh-based Jadwa Investment where he was managing director and head of private equity. He had also previously held roles at MENA-focused investment bank EFG-Hermes, global private equity firm The Carlyle Group and US financial institution Bear Stearns. He will head a team focusing on investments in mid-to-late stage growth companies across various sectors, the statement noted.

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. 

The bank invests in various asset classes including private equity, infrastructure, real estate and distressed investments.