Dubai - 20 February 2010: SHUAA Capital ('SHUAA'), the leading financial services institution in the GCC, today announces the appointment of Cormac Sheedy as Head of Sales who joined the firm in January 2010. His mandate is to strengthen and grow the firm's sales team to offer the full range of SHUAA products. Cormac Sheedy joins SHUAA from Fidelity, where he was previously Director of Sales in the Middle East.

Sameer Al Ansari, Chief Executive Officer of SHUAA Capital, said: 

"The Sales division plays a pivotal role as SHUAA's interface with high net worth and institutional clients - both regionally and internationally. Mr. Sheedy has over 20 years experience in servicing clients, having worked in senior sales management roles at Invesco and Fidelity. This high-calibre appointment underscores SHUAA's strategy to focus on its core fee generating businesses. I am confident that Mr. Sheedy's significant experience in banking, bancassurance and asset management will prove a great asset to our management team and that he will establish a sales platform that offers our clients first class service." 

Cormac Sheedy, Head of Sales of SHUAA Capital, commented: 

"I believe that SHUAA has a strong brand and the right platform to offer a competitive edge over others, and create value enhancing solutions for clients. In my new role as Head of Sales of SHUAA, I will focus on the management and growth of SHUAA's products and services for sovereign wealth funds, institutional investors, family offices and high net worth individuals."

Cormac Sheedy moved to Dubai to open and head up the office of Invesco in the DIFC. He has since worked across the GCC, with responsibility for asset management distribution for Retail and Private Banks, insurance companies and asset management firms. He has also been involved in negotiating asset management accounts with regional sovereign wealth funds.

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About SHUAA Capital psc:
www.shuaacapital.com 
SHUAA 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 Capital has a regional presence with offices in Abu Dhabi, Riyadh, Doha, Cairo, Beirut and Istanbul.

Embedded in the dynamic economic environment of the Gulf Cooperation Council (GCC), SHUAA Capital provides a broad range of financial services to corporations, governments, institutional clients, and high net worth individuals.

Since 1979, SHUAA Capital 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
SHUAA 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
SHUAA 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