Leading UAE investment bank Shuaa Capital has appointed Dubai Group CEO Ahmed Al Qassim as a non-executive director with immediate effect.

Prior to his appointment at Dubai Group, Al Qassim, an Emirati national, was the director for Investment Banking at Emirates NBD Capital, where he led both the equity capital markets and mergers and acquisitions team.

Previously he had been head of strategic accounts at General Electric and assistant VP of Structured Finance Originations, Mubadala-GE Capital. Al Qassim holds an MBA from the University of Victoria, Canada.

On the appointement, Sheikh Maktoum Hasher Al Maktoum, the executive chairman of Shuaa Capital, said: "Al Qassim has a wealth of experience accumulated over his career in finance and banking. His experience and insight will be especially useful as the Board continues to direct SHUAA’s future development and build on the return to profitability."

"As our major shareholder, Dubai Group has already been supportive of our strategic transformation and we welcome Al Qassim’s appointment as a sign of increased confidence in Shuaa," he added.-TradeArabia News Service