Standard Chartered has hired Rehan Shaikh as new chief executive of its global Islamic banking business, Standard Chartered Saadiq, replacing Sohail Akbar.
Shaikh joined Standard Chartered from Dubai Islamic Bank, where he worked as senior vice president and business head, private sector & transaction banking.
Shaikh, who has over 30 years of banking and management experience, previously worked for StanChart in Pakistan from 1998 to 2007 and also held a number of roles including head, corporate banking and head, client relationships.
Standard Chartered Bank regional CEO, Africa and Middle East Sunil Kaushal said: "Rehan’s in-depth knowledge of our footprint markets and corporate banking experience will be invaluable in building our Islamic Banking proposition as the Bank positions for future growth."
Shaikh said: "I look forward to working with the teams in supporting the financing and investment needs of our clients globally."