Jun 04 2013
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Mumtalakat Appoints Chief Operating Officer
Manama, Kingdom of Bahrain -4th June 2013: Bahrain Mumtalakat Holding Company (" Mumtalakat "), the investment arm of the Kingdom of Bahrain,has appointed Mr. Zulfe Ali as its new Chief Operating Officer.
Mr. Zulfe Ali joined Mumtalakat in June 2009 as Vice President Corporate Finance. His responsibilities have included defining and implementing Mumtalakat 'scorporate finance and fundingstrategies, as well as managing Mumtalakat 's portfolio of liquid investments. Mr. Ali has nearly 20 years of experience in the financial services industry in both asset management and investment banking. Prior to joining Mumtalakat , he worked in the Acquisition and Leveraged Finance group of JPMorgan in both London and New York. Before that, he worked at Bankof America as a member of the Institutional Equities team.
As the new Chief Operating Officer, Mr. Ali will be responsible for overseeing Mumtalakat 's corporate functions, including Finance, Risk Management, Legal,Information Technology, and Corporate Finance.
"We look forward to the positive on-going contribution that Zulfe Ali will make to the business within his new role, which will help us continue Mumtalakat 's vision to grow the wealth of Bahrain." Mr. Al Kooheji added.
Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain's strategic non-oil and gas related assets. Mumtalakat was created to align and implement the execution of the government's initiatives to pursue value-enhancing opportunities, improve transparency and help achieve operational excellence for its state-owned assets. Mumtalakat holds stakes in over 35 commercial enterprises spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation, and food production.
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