Mashreq appoints Pella to head investment unit

Dubai: Mashreq has appointed Christophe Pella as head of its asset management unit and chief executive of its Mashreq Capital arm, the Dubai-based bank said in a statement on Monday. Pella most recently served as a global rates portfolio manager in London at Legal & General Investment Management. His appointment at Mashreq is subject to regulatory approval. Mashreq Capital is based in Dubai’s financial free zone and conducts investment and advisory work, while the parent Mashreq is the emirate’s third-largest commercial lender by assets.