Kuwait City: Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, announced the appointment of Abdullah AlSharekh as Managing Director of Markets and Investment Banking responsible for Investment Banking, Research, and Lending amongst others.
AlSharekh joins Kamco Invest with extensive and diverse experience in banking and investments having worked for some of the largest international and regional financial institutions. He has experience across all core areas from treasury and corporate banking to investment banking and asset management. He holds a dual BA in Economics and Public & Private Sector Organizations from Brown University, USA and a dual MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania, USA.
Prior to joining Kamco Invest, AlSharekh led the Economic & Investment team of the Hareer and Boubyan Development Agency and was Managing Director at Sharq Capital where he led investment activity across asset classes. Prior to that, he held several executive positions with key international and regional financial institutions including Executive Director at the Securities Division of Goldman Sachs, Executive Manager of Corporate Banking at the National Bank of Kuwait, in addition to Investment Banking at NBK Capital, amongst others.
Faisal Mansour Sarkhou, Chief Executive Officer, said, “We are pleased to welcome Abdullah AlSharekh as Managing Director of Markets and Investment Banking. His experience and track record will lead the division to progress and contribute to the implementation of the Company’s growth strategy.”
In his comments on the appointment, AlSharekh said, “It’s my pleasure to join Kamco Invest during this stage which marks the second phase of the Company’s growth strategy. I look forward to working with these talented teams to capitalize on and grow our role as a key player in local and cross border investment banking mandates.”
It is worth noting that Kamco Invest has a strong track record with investment banking credentials exceeding USD22.3bn since inception. It managed / co-managed around USD9.1bn in equity finance, arranged around USD8.1bn in conventional & Islamic debt and advised on M&A mandates worth USD5.2bn.
About Kamco Invest
Kamco Investment Company K.S.C (Public) “Kamco Invest” is a regional non-banking financial powerhouse headquartered in Kuwait with offices in key regional financial markets, established in 1998 and listed on Boursa Kuwait in 2003. It is an Independently managed subsidiary of KIPCO Group adopting highest standards of corporate governance and regulated by the Capital Markets Authority and Central Bank of Kuwait. The Company offers a comprehensive range of investment solutions covering asset management, investment banking and brokerage.
Kamco Invest manages an AUM of around USD13.7bn (as of 30 September 2019) on behalf of its clients in various asset classes and jurisdictions, making it the fifth largest asset manager in the GCC according to Moody’s asset management report dated September 2019. It also holds a strong track record with investment banking credentials exceeding USD22.3bn since inception till 31 December 2019 in equity capital markets, debt capital markets and mergers & acquisitions.
© Press Release 2020