CdR Capital hires ex-NCB exec to board

Handshake 3Swiss investment firm CdR Capital has appointed Faysal Badran to the board of its Dubai operation.

Badran was formerly head of asset management and chief investment officer at NCB Capital, the investment division of Saudi Arabia’s National Commercial Bank. Most recently, he was chief investment officer at the Savola Group, an industrial company in Saudi Arabia.

Badran said that after 20 years of working at large institutions, “I am looking forward to the entrepreneurial opportunities of a boutique environment”.

CdR Capital was founded in Geneva in 2012 as a private investment office serving large families and institutions, principally in Europe and the Middle East. The firm recently revealed a joint venture with CdR Hollander, whose main offices are in Miami and Sao Paulo. Together, the two firms have more than $3 billion of assets under management.

“Faysal’s appointment as a director to our board in Dubai represents the next step towards deepening our regional footprint,” said Steve Smith, co-founder of CdR Capital and managing partner of its London office.

©2016 funds global mena

Related Articles