Wednesday 20 November 2013

CEO of Abu Dhabi investment firm TNI resigns -sources | Reuters

CEO of Abu Dhabi investment firm TNI resigns -sources | Reuters:

 "The chief executive of Abu Dhabi-based investment firm, The National Investor (TNI), has resigned and a replacement is yet to be named, two sources familiar with the matter told Reuters on Tuesday.

Orhan Osmansoy, who joined TNI in 2004, was instrumental in expanding the company into a regional investment firm, operating in private equity, investment advisory and asset management businesses.

However the company was hard hit during the global financial crisis. It shed dozens of jobs - more than half of its workforce - last year as, like a number of rival Middle Eastern investment firms, it struggled to boost revenue and remain profitable in depressed capital markets."

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