Saad Zaman, formerly the deputy CEO of
Dubai Islamic Bank's DIB Capital, has been appointed CEO of the unit. He had been deputy since 2007 and has been with DIB since 2004. Before that, he worked for Citigroup in the region. Release after the jump.
(Photo: Saad Zaman; supplied)
Dubai Islamic Bank
appoints Saad Zaman as CEO of DIB Capital
Dubai, May 4, 2009:
Dubai Islamic Bank (DIB) announced today the appointment of Saad Zaman
as the Chief Executive Officer of DIB Capital, a full service investment
bank offering Capital Market, Syndications, Advisory, Asset Management
and PE products / services based in the Dubai International Financial
Centre.
Commenting on the appointment,
Abdulla Alhamli, CEO Dubai Islamic Bank, said: "Investment banking
is part of DIB's core offerings and in today's global economic environment,
the investment advisory role is of strategic importance to our customer
base."
Saad Zaman, who has been
a senior in the GCC investment banking industry for a decade, joined
DIB in 2004. He was appointed Deputy CEO of DIB Capital Ltd. (formerly
known as Millennium Capital Ltd.) in 2007. Prior to joining DIB, Saad
was the Managing Director of Citigroup's Global Islamic banking subsidiary,
in addition to heading Citi's Investment banking business for Middle
East, Levant and Pakistan.
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