UAE Financial District/Bloomberg

Moves

UAE-based SHUAA Capital appoints new CEO

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SHUAA Capital recently completed a merger with Abu Dhabi Financial Group (ADFG), whose CEO is Jassim Alseddiqi, creating an entity with $12.8 billion of assets under management.

Thursday 10, October 2019 BY KUDAKWASHE MUZORIWA

Dubai’s SHUAA Capital has appointed Jassim Alseddiqi as the new Chief Executive Officer and the financial services group also named several other top executives.

Shuaa Capital stated that the company has appointed Mustafa Kheriba as deputy Chief Executive Officer while Joachim Mueller has been appointed as the Chief Financial Officer with Bechara Raad as the company’s Chief Operating Officer.

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. The deal was part of the combined entity’s strategy to exit non-core businesses and focus on investment banking and asset management.

TAGS : SHUAA Capital, SHUAA Securities brokerage, International Holdings Company, Abu Dhabi Financial Group

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