Dubai Hold­ing ap­points Amit Kaushal as CEO

The Pak Banker - - FRONT PAGE -

DUBAI: Dubai Hold­ing has ap­pointed Amit Kaushal as chief ex­ec­u­tive of­fi­cer. Kaushal, who was pre­vi­ously chief fi­nan­cial of­fi­cer at Dubai Hold­ing, re­placed Edris Al­rafi, who had left the in­vest­ment firm af­ter less than a year.

Dubai Hold­ing, which owns Dubai Prop­er­ties Group and ho­tel op­er­a­tor Jumeirah Group, is one of three main state hold­ing com­pa­nies in the emi­rate, man­ag­ing about $35 bil­lion of as­sets.

Kaushal has pre­vi­ously worked at Mer­aas, Gold­man Sachs, UBS Group and Deutsche Bank AG in Lon­don and Dubai.

Al­rafi, who was for­merly chief com­mer­cial of­fi­cer at Mer­aas, was ap­pointed as CEO of Dubai Hold­ing in April last year, re­plac­ing Fadel Al Ali. He joined Dubai Hold­ing as it fo­cused on a new or­gan­i­sa­tional struc­ture and debt man­age­ment pro­gramme, ac­cord­ing to a state­ment at the time.

Dubai Prop­er­ties, a unit of Dubai Hold­ing, also ap­pointed Raed Al Nuaimi as CEO af­ter the de­par­ture of Ab­dulla La­hej, ac­cord­ing to a sep­a­rate state­ment. Al Nuaimi was pre­vi­ously CEO of North25, a group man­ag­ing projects across Dubai Hold­ing and Mer­aas Hold­ing. Prior to that he was CEO of DXB En­ter­tain­ments.

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