CEO of Millennium Capital, the investment banking subsidiary of Dubai Islamic Bank (DIB) Group, Aref A Kooheji is stepping down from his position to pursue other opportunities.

A new CEO will be named shortly, a senior DIB official said.

"The investment banking sector is poised for enormous growth, and Millennium Capital, together with Dubai Islamic Bank, will focus on capitalising upon such opportunities," said group managing director, DIB, Khaled Al Kamda.

"Both institutions will continue to meet the needs of our clients here in the region and globally by providing financial services solutions that set new benchmarks for excellence," he added. - TradeArabia News Service