Hussain Qaragholi, who helped restructure Iraq’s sovereign debt from the Saddam Hussein era while working at Citigroup Inc., has joined the International Finance Corp.
Hussain Qaragholi, a managing director at Deutsche Bank AG, has left the German lender after more than seven years to join the World Bank’s private sector arm.
Qaragholi, who helped restructure Iraq’s sovereign debt from the Saddam Hussein era while working at Citigroup Inc., has joined the International Finance Corp . as an adviser in the global upstream infrastructure team for the Middle East, Central Asia and Turkey. The IFC confirmed his hire.
Qaragholi began his career at Merrill Lynch and joined Citigroup in 2003, not long after the U.S. invasion of Iraq. At Citigroup, he set up the Iraq desk that was involved in the $22 billion restructuring of the country’s debt and its debut $2.7 billion bond.
Remaining active in Iraq, he helped pave the way for Abu Dhabi Islamic Bank PJSC’s entry into the country. He’s also the founding board member and former president of the U.S. business council in Iraq.