The executive director and CEO of Investment Corporation of Dubai (ICD) Mohammed Al Shaibani has appointed J Thayer Jack as the Chief Investment Officer.
 
Established in May 2006, ICD comprises all wholly or partly-owned government businesses in Dubai with aggregate market value in excess of Dh300 billion ($81 billion) and covering numerous sectors.

ICD has been mandated to play a leading role in driving the future prosperity of Dubai's investment portfolio and generating a superior return on investment in a way that will benefit the entire UAE community.
 
"As a world-class investment institution, ICD prides itself on being able to attract local and international professionals who are recognized for delivering on their multi specialty skills. The appointment of J Thayer Jack as Chief Investment Officer is in line with our strategy to build a core team of Global professionals who will not only be responsible for identifying growth opportunities and tapping into the inherent potential of the numerous companies under the ICD portfolio, but also assist ICD with Global investments on our behalf," said Al Shaibani.
 
Prior to taking up his appointment at ICD, Jack was the senior managing director of Phoenix Capital Partners Ltd, Cincinnati, and  managing director of the Shariaa compliant Trillion Funds Group. Jack has also been a managing director with Bearing Point Consulting and a partner at KPMG Peat Marwick. - TradeArabia News Service