Shuaa Capital Puts Dubai Fund's Al Ansari As New CEO

-Sameer Al Ansari, the head of Dubai International Capital, has been appointed as the new chief executive of Dubai-based investment bank Shuaa Capital (SHUAA.DFM) and is currently working under the supervision of his predecessor Iyad Duwaji, Al Riyadh daily reports Tuesday.

Duwaji, who resigned earlier this month, is temporarily assisting Al Ansari in his new role to ensure "a smooth transition,", the people familiar with the matter told the Saudi daily.

In February, Al Ansari became joint-chairman of Dubai Holding Investment Group, a new entity set up by the government. Al Ansari was an architect in the formation of Dubai International Capital.

A Shuaa spokesman wasn't immediately available for comment.

Newspaper Web site: http://www.alriyadh.com