News

Abraaj Group reveals management reshuffle

Company_reshuffleDubai-based private equity firm Abraaj Group has appointed two new chief executives for its fund management business Abraaj Investment Management (AIM) as part of a management reshuffle. As a result of the changes, the group chief executive and founder Arif Naqvi will take on a reduced role in the fund manager. Co-CEOs Omar Lodhi and Selcuk Yorgancioglu will be responsible for the overall strategy of the fund management business, said the group. The reshuffle is designed to “optimise performance through enhancing governance and accountability” said Naqvi, who will retain a position on AIM’s global investment committee and remain chief executive of Abraaj Holdings. "This transition allows me to dedicate more time to developing new platforms that can strengthen the compact between business and society,” he said in a statement. According to a Reuters report, the reshuffle follows a dispute between Abraaj and four of its investors in a healthcare fund. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.