Bahrain Mumtalakat Holding Company, the investment arm of Bahrain, has appointed Zulfe Ali as its new chief operating officer. 

 

Ali joined Mumtalakat in June 2009 as vice president corporate finance. His responsibilities have included defining and implementing Mumtalakat’s corporate finance and funding strategies, as well as managing Mumtalakat’s portfolio of liquid investments. 

 

Ali has nearly 20 years of experience in the financial services industry in both asset management and investment banking. Prior to joining Mumtalakat, he worked in the acquisition and leveraged finance group of JPMorgan in both London and New York. Before that, he worked at Bank of America as a member of the Institutional Equities team.

 

As the new COO, Ali will be responsible for overseeing Mumtalakat’s corporate functions, including finance, risk management, legal, information technology, and corporate finance, the statement said.

 

Mahmood Hashim Al Kooheji, chief executive officer of Mumtalakat, said: “We are very pleased to appoint Zulfe Ali as chief operating officer in Mumtalakat. Over the past four years, he has played a critical role in helping to establish Mumtalakat as a globally recognised and respected institution.  His deep knowledge of Mumtalakat, his skillsets and his leadership qualities all combine to make him an ideal candidate to manage and lead the corporate functions of Mumtalakat.”

 

Ali holds an MBA from Cornell University’s Johnson School of Management and a Bachelor’s degree in Mathematics from Carleton College in the US. – TradeArabia News Service