Executive reshuffle at Investcorp

Executive reshuffleBahrain-based alternative investment manager Investcorp has made a number of senior management appointments following the retirement of its co-chief executive Mohammed Al Shroogi. Al Shroogi will step down in August 2018 after nine years with the company and will remain as a senior advisor. He is credited with helping the firm to rebuild after the financial crisis and in growing its GCC-based corporate investment division. He will be replaced by current head of Investcorp’s European corporate investment, Hazem Ben-Gacem, who will serve as co-chief executive alongside the incumbent co-chief executive Rishi Kapoor. Daniel Lopez-Cruz, currently managing director in the European corporate investment team, will succeed Ben-Gacem. “These appointments reflect the changing nature of our business as we become a bigger, more global, multi-asset class alternative asset manager,” said Mohammed Alardhi, executive chairman of Investcorp. ©2018 funds global mena

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