Mubasher: Investcorp and global asset manager Aberdeen Standard Investments (ASI) on Tuesday announced the appointment of Sir Gerry Grimstone as chairman for the two companies' joint venture (JV).
“Sir Gerry's leadership, combined with the alternative investment expertise of two established, leading global investment firms, will position the business strongly in what is an exciting stage in the region's development,” Investcorp’s executive chairman Mohammed Alardhi said.
The JV will invest in social and core infrastructure projects assets in various sectors including healthcare, education, and utilities across the GCC region, Investcorp said in a statement.
Commenting on his appointment, Sir Gerry Grimstone said he was "delighted" to be named chairman of the JV, adding that the "long-term economic potential of GCC is unquestionable but rightly governments across the region recognise the need to build and improve their countries’ infrastructure.”
