Nexus Group, a major independent insurance brokerage in the GCC, has appointed Tarun Khanna as its new CEO.

Khanna assumes the role after having served as Deputy CEO since 2010. Outgoing CEO and company founder Mahmoud Nodjoumi will stay on as chairman, focusing on geographic expansion and providing high-level support.

“I am delighted to announce Tarun’s promotion to Nexus Group CEO,” said Nodjoumi.

“He has already marked himself out as an extremely capable leader, and has played an instrumental role in the company’s many successes over the past few years. I am hugely confident that he will continue to steer the company with both drive and vision as we strive to reach new heights.”

Khanna, who joined Nexus Group in 2007, has spent over two decades in the financial services industry. His experience includes high-profile stints at Merrill Lynch’s investment banking division in New York, Morgan Stanley, Lazard Asset Management, Wellington Management and Copper Arch Capital, a New York-based hedge fund.

“The company’s reputation as a dedicated and professional organisation is second to none, and we have an enviable foundation for the future,” said Khanna.

“I will continue to work closely with Mahmoud moving forward, not only to ensure continuity but also to give us the best possible opportunity for growth and expansion across the region.” – TradeArabia News Service