Dubai Holding announces Senior Management appointments at Dubai International Capital
Dubai: 30 August 2009 – Dubai Holding announces two internal appointments at Dubai International Capital LLC (‘DIC’) following the appointment today of Sameer Al Ansari as Chief Executive Officer of SHUAA Capital psc.
Sameer Al Ansari will continue as the Executive Chairman of DIC, a post he has held since October 2004 when he founded DIC. Anand Krishnan is appointed Chief Executive Officer of DIC with immediate effect from his existing role as Chief Operating Officer. Anand joined DIC in January 2006 as CFO and was appointed COO one year later. Previously he was a Managing Director at JP Morgan Chase New York/Asia in various senior roles for a total of 19 years.
David Smoot, Chief Executive Officer, DIC Private Equity assumes responsibility for all of DIC’s investment divisions with immediate effect, including Emerging and Public Markets. David joined DIC in July 2008 from Morgan Stanley New York, where he spent 11 years and co founded Morgan Stanley Private Equity.
Commenting on the appointments, HE Ahmad Bin Byat, CEO of Dubai Holding, said,
Today and in recognition of his achievements in the finance and investments field over the past 25 years the SHUAA Board has appointed Sameer Al Ansari to drive SHUAA’s future growth. The DIC appointments announced today are designed to provide Sameer Al Ansari with the additional support he needs in his dual role as Executive Chairman of Dubai International Capital and CEO of SHUAA Capital.
DIC is increasingly focused on creating and preserving value in its Private Equity portfolios in Europe/United States and the Middle East region via bolt-on acquisitions and ongoing support to its portfolio companies.
Anand Krishnan and David Smoot will report directly to Sameer Al Ansari and both will remain Dubai based.
Notes to Editors
About Dubai International Capital LLC:
Dubai International Capital LLC is an international investment company established in 2004 as a wholly owned subsidiary of Dubai Holding. DIC invests private funds on behalf of Dubai Holding and several large third party investors around the world with a mandate to build a portfolio of internationally diversified assets. DIC invests via two core divisions Private Equity and Emerging Markets.
DIC Private Equity invests in high performing mid-cap companies in Europe and North America with a focus on secondary buyouts that include Travelodge, Merlin Entertainments, Doncasters, FastenTech, Mauser, Alliance Medical, and Almatis.
DIC Emerging Markets invests in buyouts, buy-ins, listed equities, single-country funds and sector specific funds with a geographical focus in the Middle East. Notable investments include the UAE-based Rivoli Group and KEF Holdings, Oger Telecom and Indian bank ICICI. Jordan Dubai Capital is a US$300 million fund investing exclusively in Jordan. Sector-specific funds include the US$300 million MENA Infrastructure Fund and Ishraq, a US$150 million vehicle to launch Holiday Inn Express hotels across the Middle East.
For further information please contact:
Dubai International Capital LLC
Mark Lunn
Mobile +971 50 1566 737
Direct : +971 4 362 1840
Email: mark.lunn@dubaiic.com
Brunswick for Dubai International Capital LLC
Alex Blake-Milton / Azadeh Varzi (UAE)
Tel: +9714 365 8260
Email: ablakemilton@brunswickgroup.com / avarzi@brunswickgroup.com
Gill Ackers / Fiona Mulcahy (Europe)
Tel: +44 207 404 5959
Email: fmulcahy@brunswickgroup.com / gackers@brunswickgroup.com