Investcorp, a provider and manager of alternative investment products with offices in New York, London, Bahrain, Abu Dhabi and Riyadh, recently elected Nemir Kirdar to chair the board of directors of Investcorp Bank BSC.
Kirdar’s predecessor was H.E. Abdul-Rahman Salim Al-Ateeqi, who will retire as board chairman June 30. Al-Ateeqi and his colleagues have guided Investcorp from its inception to holdings of more than $11 billion.
“In my many years at Investcorp, I have had the pleasure of working with so many esteemed colleagues and have seen Investcorp grow into a globally recognised financial institution,” Al-Ateeqi said. “It has been an honor to be involved in Investcorp’s incredible journey from the very start and I look forward to watching its continued development.”
Kirdar is currently executive chairman and CEO of the bank, a position he has held since it opened. He will assume his new duties on July 1.
“On behalf of the entire firm, I would like to offer heartfelt thanks to H.E. Al-Ateeqi for his outstanding and valued contribution to Investcorp’s culture and its extraordinary success,” Kirdar said. “As we move into the next phase of our growth, I am honored by this opportunity to continue to serve Investcorp and its investors in a new role.”
Mohammed Al Ardhi will be the new executive chairman. The new C-CEOs will be Mohammed Al-Shroogi (president of Gulf Business) and Rishi Kapoor (chief financial officer).