Tuesday, 26 January 2010
Ansari steps down as Dubai Int'l Capital exec
Sameer al-Ansari, the chief executive of Shuaa Capital, will step down as executive chairman of Dubai International Capital, according to a statement from the investment vehicle on Monday.
DIC -- a unit of Dubai Holding which is owned by the emirate's ruler -- said Ansari would remain on the board of DIC as non-executive chairman.
"This change is made as Mr. Al Ansari wishes to focus on fulfilling his duties as the chief executive officer of Shuaa," Dubai International Capital said in a statement.
Ansari was appointed to the top job at Shuaa Capital in August after Dubai Banking Group, controlled by another Dubai Holding arm, became the investment bank's biggest shareholder.END
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