Ansari tipped to take helm at Shuaa

Sameer al-Ansari, CEO of state-owned Dubai International Capital (DIC), is tipped to take the helm at Shuaa Capital, the UAE’s largest investment bank, an industry source said on Monday.

“The appointment may be announced within days,” the source told Maktoob Business.

The source said the move comes as a result of Dubai government’s acquisition of a large stake in Shuaa after the investment bank settled its long-running row with state-owned Dubai Banking Group (DBG).