KUWAIT: January 14, 2015
BK Capital announced the appointment of Faisal Abdullatif Al-Hamad as the new Chief Executive Officer (CEO) of the company. His appointment follows the move of his predecessor, Salah Al-Fulaij, to the position of CEO of NBK – Kuwait.
Mr. Nabil Nayef Maroof, Senior Managing Director of Asset Management at NBK Capital, is also appointed of as Deputy Chief Executive Officer of the firm.
Al-Hamad has been with NBK Capital since 2007 and was most recently the Managing Director of Brokerage & Research. Faisal holds an MBA from Harvard Business School and a BA from the University of Chicago.
Faisal Al-Hamad commented, “I am excited about the opportunity to lead a phenomenal team at NBK Capital and look forward to building upon our past successes as we approach our 10th anniversary this year.” Adding, “NBK Capital will continue to implement its current set strategy and strengthen its position as a leading investment firm in the region.”
In addition to the management changes at NBK Capital, the Alternative Investments Group will be separated into a new entity and rebranded NBK Capital Partners. Amjad Ahmad, Senior Managing Director and Head of Alternative Investments at NBK Capital, is appointed as the Chief Executive Officer of NBK Capital Partners. This reorganization of the Alternative Investments Group reflects the firm’s ongoing efforts to foster future growth of investment opportunities in the region.
NBK Capital will continue to provide Asset Management, Brokerage & Research and Investment Banking services. NBK Capital Partners, based in Dubai, manages private equity and mezzanine funds in the MENA region.