Standard & Poor’s Ratings Services (S&P) has appointed Mohamed Damak as global head of Islamic finance.
He will lead S&P’s global Islamic Finance team that has been in place since 2007.
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Damak in his new role will be responsible for developing the next phase of growth of S&P’s Islamic Finance ratings and research worldwide.
He will assume his new role in conjunction with his current responsibilities within S&P’s Financial Services CEEMEA team, the company said.
Stuart Anderson, managing director & regional head for Middle East at S&P, said: "Damak’s new role is a crucial step towards further strengthening our Islamic Finance business globally. He will play an important role in growing our ratings coverage of sukuk across the globe, while expanding our ratings universe of Islamic Financial Institutions."
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