Ansari tipped to replace Duwaji at Shuaa

Dubai International Capital (DIC) Chief Executive Officer Sameer al-Ansari may replace Iyad Duwaji as the new boss at the UAE’s largest investment bank Shuaa Capital, industry sources said on Thursday.

Duwaji stepped down on Wednesday after two decades at the company, in which DIC’s sister company Dubai Banking Group (DBG) is the single biggest shareholder with a stake of 48.4 percent.

An industry source said talk of Ansari as the likely successor of Duwaji has grown.