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UBS appoints Dr. Armen V. Papazian as Head of Islamic Finance

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Points of Essence:

  • UBS announced new head for its Islamic banking unit to confirm the firm commitment as the leading Islamic financial services provider. Dr. Armen V. Papazian was previously with Dubai based DIFX. Ame Info has the report.

UBS today announces that it has appointed Dr. Armen V. Papazian as Head of Islamic Finance based in the firm’s DIFC branch in the UAE.

Dr. Armen V. Papazian.

Dr. Armen V. Papazian.

This latest hire further reflects UBS’s long-term commitment to Islamic Finance and reiterates the bank’s ambitions to become one of the region’s leading financial services providers.

During his most recent position at the DIFX (Nasdaq Dubai), Dr. Papazian led the market development efforts of the exchange, as Senior Vice President for Innovation and Development, where he successfully launched the region’s first structured products platform with both Islamic and conventional product offerings.

Furthermore, he has overseen the listings of Sukuk and the continuous growth of Islamic initiatives at the exchange. He has made innovative contributions to the Islamic Finance field, and has a deep knowledge of regional markets and economies. Dr. Papazian earned his Ph.D. at the University of Cambridge, UK, specializing in Financial Economics.

Source: http://www.ameinfo.com

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Written by Suapi Shaffaii

March 23, 2009 at 8:32 pm

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