| 14 Mar 2010 |
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SHUAA appoints David Deards as CFO
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Dubai - 14 March 2010: SHUAA CapitalSHUAA Capital
, the leading financial services institution in the GCC, announces the appointment of Mr. David Deards as its new Chief Financial Officer from 1 March 2010. Previously David was Group CFO of Alliance Trust, a FTSE 100 investment company.Mr. Sameer Al Ansari, Chief Executive Officer of SHUAA CapitalSHUAA Capital, said:
"David acted as Group CFO for a FTSE 100 investment company and brings over 20 years of diversified financial services experience to SHUAASHUAA. He will be instrumental in positioning SHUAASHUAA on a solid footing and maintaining the financial flexibility required to execute our high-growth strategy. David's appointment underscores our management team's desire to benefit both from fresh leadership perspectives, international best practice and people who are eager to create a success out of SHUAASHUAA."
Mr. David Deards, Chief Financial Officer of SHUAA CapitalSHUAA Capital, commented on his appointment:
"SHUAASHUAA
has the right core ingredients to prosper and is well positioned to generate top- and bottom-line growth. I am proud to join a regional powerhouse like SHUAASHUAA and look forward to working with the management team to drive SHUAASHUAA forward to a new era of sustainable growth".During his time as Group CFO at Alliance Trust, David was instrumental in developing the strategy for the growth of its investment business and financial services subsidiaries. He was an integral member of the Asset Allocation Committee and was also responsible for managing the Treasury function of Alliance Trust and its banking subsidiary. He introduced financial reporting systems and was responsible for compliance, audit and investor relations.
Prior to joining Alliance Trust, David held various senior positions at Ansbacher & Co, including Product Development, Group M&A, Banking and Corporate Finance. He qualified as a Chartered Accountant with Ernst & Young.
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About SHUAA CapitalSHUAA Capital
psc:www.shuaacapital.com
SHUAA CapitalSHUAA Capital
psc maintains a leadership position in Investment Banking, Asset Management, Brokerage, Private Equity, Finance and Research. Headquartered in Dubai, in the United Arab Emirates, SHUAA CapitalSHUAA Capital has a regional presence with offices in Abu Dhabi, Riyadh, Doha, Cairo, and Beirut.Embedded in the dynamic economic environment of the Gulf Cooperation Council (GCC), SHUAA CapitalSHUAA Capital provides a broad range of financial services to corporations, governments, institutional clients, and high net worth individuals.
has played a prominent role in shaping the financial services landscape of the GCC and will continue to be at the vanguard of regional integration into global financial markets. For further information contact:
Oliver C. Schutzmann
Chief Communications Officer
SHUAASHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3199 872
Fax: +971 4 3303 550
Mob: +971 506405722
oschutzmann@shuaacapital.com
Tarek S. Fleihan
Senior Associate - Investor Relations & Corporate Communications
SHUAASHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3199 874
Fax: +971 4 3303 550
Pager: +971507080571
tfleihan@shuaacapital.com
© Press Release 2010
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