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Shuaa Capital appointed Ziad Mansour (Linkedin) as chief operating officer, and Islam Mahrous (LinkedIn) as chief compliance officer, according to a DFM disclosure (pdf). Mansour has been Shuaa’s head of operations for 12 years. Prior to that, he held the position of vice president at the firm for over five years. Mahrous most recently held the role of director and head of compliance at Shuaa for two years, before which he served as VP of compliance for corporate governance and money laundering reporting officer for four years. .
The company also tapped Aarthi Chandrasekaran (Linkedin) as head of asset management, and Mazen Farah as head of capital markets (Linkedin).
ICYMI-The investment bank tapped Wafik Ben Mansour as CEO earlier in May.
REFRESHER- The recent hires coincide with the investment bank’s efforts toward a capital optimization plan. This plan involved issuing AED 642.5 mn in new bonds, extending payment terms for approximately USD 150 mn worth of bonds, and appointing a new management team due to significant losses in 2023. Additionally, the investment bank fully settled some AED 500 mn (USD 136 mn) in margin facilities with several UAE banks.
Mubadala hires new senior member to its private equity team: Abu Dhabi sovereign wealth fund Mubadala Capital has recruited Sam Merksamer (LinkedIn) to be a senior member on its private equity team, according to Bloomberg. Merksamer, formerly a partner at One Investment Management, will be focusing on direct investments.
