Board & Management
The Board of Istithmar is led by the Chairman, HH Sheikh Ahmed bin Saeed Al Maktoum. Other Board Members include Mohammad Ibrahim Al Shaibani (Director General of the Dubai Ruler’s Court), Abdul Rahman Saleh Al Saleh (Director General of the Finance Department), Hamad Mubarak Bu Amim (Director General of the Dubai Chamber of Commerce and Industry), Sa’adi Abdul Rahim Hassan Al Rais and Sun Yong Chang.
Each of the divisions had its own management teams until a re-organisation was enacted at the end of 2009 and in early 2010. Istithmar World Capital saw the departure of its co-CIOs, John Amato and Felix Herlihy, who had joined the firm in 2006, who announced their departure in September 2009. On 20 January 2010, the CEO of Istithmar World Capital, David Jackson announced that he would be leaving the firm. Andy Watson, who had been promoted from CIO of Nakheel to CIO of Istithmar became acting CEO.
In July 2012, the board of Istithmar was reshuffled by chairman Sultan Ahmed Bin Sulayem, before being entirely replaced a few hours later, on the instructions of Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, by the board of Dubai World.
Read more about this topic: Istithmar World
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