Bahrain – Investcorp, a global provider and manager of alternative investment products, today announced that Sir Michael Fallon, a British Member of Parliament and former Secretary of State for Defense, has been appointed to Investcorp’s International Advisory Board.
Sir Michael has served as a British Member of Parliament for more than three decades. He has held a number of senior governmental leadership roles, most notably serving as Secretary of State for Defense from 2014-2017. In this role he had overall responsibility for the British armed forces and managed a £35 billion annual budget. Sir Michael has also served as Schools Minister under both Margaret Thatcher and John Major and Business and Energy Minister under David Cameron.
Commenting on the appointment, Sir Michael, said: “I am pleased to be joining the International Advisory Board at Investcorp. Investcorp has established itself as a leader in the global alternative investment sector, and I believe that its commitment to expanding its global footprint and broadening its product offering will catalyze future growth. I look forward to contributing to the business as it continues to evolve into a bigger, more diversified alternative investment firm.”
Sir Michael brings extensive experience in both the private and public sectors to Investcorp. He is currently non-executive chairman of the London property company Avanton Ltd. and a consultant to several other privately-owned businesses.
He has served on the boards of several portfolio companies owned by the private equity firms Alchemy Partners (UK) and Industri Kapital (Sweden). He has also held director roles for several other companies including as a main board director of global inter-dealer broker Tullett Prebon PLC for eight years.
Investcorp’s International Advisory Board is chaired by Mohammed Alardhi, Executive Chairman of Investcorp. It meets annually and provides advice and guidance to the Firm. It consists of Dr. Wolfgang Schüssel, President of the Foreign Policy and United Nations Association of Austria, and former Federal Chancellor and Minister for Economic Affairs of Austria; Ambassador Wolfgang Ischinger, former German Deputy Foreign Minister and Chairman, Munich Security Conference; Global Head of Government Relations and Public Policy for Allianz; Ana Palacio, former Foreign Minister of Spain and Senior Vice President of International Affairs and Marketing, AREVA; Deepak Parekh, Chairman of India’s premier housing finance company HDFC Ltd; and Dr Mohamed A. El-Erian, Chief Economic Advisor at Allianz SE and former CEO and Co-Chief Investment Officer of PIMCO; and Dr Ann-Kristin Achleitner, a business economist and Professor of Entrepreneurial Finance Studies at the Technical University of Munich (TUM).
Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at June 30, 2018, the Investcorp Group had US$22.6 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 175 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US$57 billion in transaction value.
Investcorp employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.
Firas El Amine
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© Press Release 2018