Dubai – Mubasher: Shuaa Capital has appointed Fawad Tariq Khan as the company's CEO to replace Jassim Alseddiqi, who has been named as Managing Director effective 15 June 2022.
Khan will also remain in his current position of Head of Investment Banking, according to a press release on Wednesday.
Alseddiqi remains Shuaa's largest shareholder with a 29.9% stake and Chairman of Salama Insurance and Eshraq Investments.
The Chairman of Shuaa Capital, Fadel Al Ali, said: "From leading ADFG since its establishment in 2011 to the Group’s transformational merger with SHUAA, Jassim has created an investment powerhouse with significant assets under management and an expanded investment portfolio."
Alseddiqi commented: "This transition is the next logical step in SHUAA's journey to become the preeminent investment banking and asset management platform in the region. Fawad's vision and knowledge of our business, as well as his proven ability to lead, make him the ideal candidate to be our next CEO."
