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Executive chairman Mohammed Al Ardhi

Investcorp’s new executive management takes charge

MANAMA, July 2, 2015

Bahrain-based alternative investment manager Investcorp announced the long planned changes to its executive management came into effect today (July 2).

This marks the culmination of a carefully planned succession process following Nemir Kirdar’s decision to retire as executive chairman and chief executive, said a report in the Gulf Daily News (GDN), our sister publication.

Kirdar has been the chief executive since the firm’s founding.

As previously announced, Mohammed Al Ardhi has assumed the position of executive chairman, succeeding Kirdar who has been appointed chairman of the board.

Mohammed Al Shroogi, formerly president of the firm’s Gulf Business, and Rishi Kapoor, formerly the chief financial officer, have become co-chief executives.

Al Ardhi said it was an important time for the business as it continues to grow and focus on providing “superior alternative investment opportunities to clients, especially at a time when we are experiencing profound structural and sectoral changes in the regional and global economy.”

“I look forward to working closely with all of our partners, and utilising my range of business experience, to fully realise our vision for Investcorp, to be a leading, yet distinctive, financial institution while maintaining our important ethos and commitment to our clients and shareholders,” he added.

Kirdar said he was confident that under the new leadership, “Investcorp would continue to innovate, provide its clients with exemplary service and be recognised globally as a trustworthy institution for many generations to come.” - TradeArabia News Service




Tags: Investcorp | management | executive | Kirdar |

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