Dubai Group names banker from main creditor as CEO -sources | GulfNews.com:
"Dubai Group, in the midst of a $10 billion (Dh36.7 billion) debt restructuring, has appointed as its chief executive Ahmad Al Qasim, who previously worked at its biggest creditor, three sources aware of the matter told Reuters.
David Smoot, the chief executive of Dubai International Capital (DIC) who was asked earlier this year to manage the sale of Dubai Group’s assets, didn’t take up the role, which led to Qasim’s appointment, the sources added on Thursday.
Dubai Group didn’t immediately respond to a request for comment.
Qasim, an Emirati, was a director of investment banking at Emirates NBD from February 2013, according to his LinkedIn page, and has also held roles at General Electric and its joint venture with Abu Dhabi’s Mubadala Development Company."
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