Monday 28 December 2009

Dubai drafts in debt expert David Anderson

Dubai Properties, which owns the Jumeirah Beach Residence and Dubailand, the unfinished $10bn (£6.3bn) fantasy land of theme parks, announced the appointment of David Anderson, an audit specialist with experience at Unilever and Cadbury Schweppes, as chief financial officer. The statement said he would bring experience in organising a "comprehensive, risk-based approach to finance".

Jayne O'Brien, the former head of marketing at British Airways, has been appointed as chief marketing officer. Other directors were appointed to head legal affairs, operations and property development.

The announcement follows the cancellation three weeks ago of a planned merger between three of Dubai Holding's property firms – Dubai Properties, Sama Dubai and Tatweer – with Emaar Properties, another Dubai real estate giant.

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