UAE-based financial services group Shuaa Capital has appointed Jassim Alseddiqi as chief executive officer and named several other top executives.
The Dubai-listed firm also announced the appointment of Mustafa Kheriba as deputy chief executive officer, the company said in a statement to the Dubai Financial Market (DFM).
Joachim Mueller has been named as the chief financial officer, while Bechara Raad is the chief operating officer.
Shuaa recently completed a merger with Abu Dhabi Financial Group (ADFG), whose CEO is Alseddiqi, creating an entity with $12.8 billion of assets under management.
Last month, the firm agreed to sell its SHUAA Securities brokerage and market-making businesses in the UAE to a subsidiary of International Holdings Company (IHC). The deal was part of the combined entity’s strategy to exit non-core businesses and focus on investment banking and asset management. Read more here:
(Writing by Nada Al Rifai firstname.lastname@example.org , editing by Seban Scaria)
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