Dubai-listed Al Ramz names new CEO to head brokerage firm

New exec formerly worked with SHUAA Capital, Credit Suisse

  
DMCC Authority extends business support package in boost to Dubai economy. Image courtesy Dubai Media Office Twitter handle. Image used for illustrative purpose.

DMCC Authority extends business support package in boost to Dubai economy. Image courtesy Dubai Media Office Twitter handle. Image used for illustrative purpose.

UAE-based Al Ramz Capital, a securities and brokerage firm, has appointed a new chief executive officer (CEO).

Karim Schoeib, an experienced investment banker and wealth management advisor, will take his seat effective October 1, 2020, Dubai-listed Al Ramz said in a bourse filing on Sunday.

With more than 23 years of experience in the financial services industry and background in IPOs, mergers and acquisitions, Schoeib had previously worked at Credit Suisse AG, SHUAA Capital and EFG Hermes.

“With his diverse experience in the financial sector, we are confident that he will be able to drive the company’s business lines and performance to new levels,” said Mohammad Al Mortada Al Dandashi, managing director of Al Ramz Corporation.

Founded in 1998, Al Ramz offers asset management, corporate finance advisory, brokerage, as well as lending and borrowing services.

(Writing by Cleofe Maceda; editing by Seban Scaria)

Cleofe.maceda@refinitiv.com

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© ZAWYA 2020

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