Al Mal Capital, a subsidiary of Dubai Investments and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has appointed top executives - Sanjay Vig and Charles Monchau - to help drive business growth and expand its portfolio across existing and new sectors and geographies.

Vig, an industry veteran, has been named the new managing director for its Corporate Advisory & Direct Investments section, while Charles Monchau will head the investment management unit.

Vig is an economics/finance professional, with over 30 years of corporate/investment banking experience in India, UAE and the Middle East region.

An Order of Merit Holder of Indian Institute of Bankers, Vig has also undergone executive education programmes in US and Europe.  

Prior to this, Vig was the managing director, Alpen Capital [ME] Limited, located in Dubai with offices across the GCC and India for the last 11 years.

He has also served as senior VP and head of Capital Markets at Emirates Bank Group. During his 15-year tenure in the Middle East, he has lead-managed mandates of over $16 billion in the areas of debt and equity capitals markets and project finance in GCC/ India.

These cover conventional debt / Islamic finance advisory, M&A, JVs, divestments and private equity in Middle East / South Asia.

Monchau brings with him more than 20 years of experience in international multi-asset investing. Before moving to the UAE, he was heading the asset allocation team for Europe and Middle East at Deutsche Bank (2014-2016).

Before that, Monchau was regional CIO for EFG Private Bank (2010-2013) and held various senior portfolio management and buy-side research roles at Rothschild Bank AG in Zurich (2009-2010), Lombard Odier in Paris and Geneva (2001-2009) and BNP Paribas in Geneva and Nassau (1995-2001).

On the appointment, Naser Al Nabulsi, the vice chairman and CEO, said: "Al Mal Capital envisions higher growth in the Mena region over the coming five years. In supporting this growth, we have welcomed to our team high calibre executives to ensure our plans are executed."

"We are excited with the appointment of Vig and Monchau and we believe they will be an exceptional value addition to our team and clients. They are well respected in our industry and we anticipate to benefit from their expertise and relationships in the region as Al Mal Capital continues on its growth path," he added.-TradeArabia News Service