SHUAA Capital appoints Mohammed Ali Yasin as Managing Director of its brokerage arm

Yasin will also oversee Emirates Securities, the largest private brokerage firm in the UAE, and now part of SHUAA Securities. SHUAA Capital has recently upped its ownership in Emirates Securities from a 50% to a 90% stake.

Commenting on Yasin's appointment, Iyad Duwaji, SHUAA Capital's CEO, said "Mr. Yasin brings a wealth of experience in the brokerage business to SHUAA Capital, and we are certain that his contribution to the success of SHUAA Securities will be invaluable."

Yasin has lead Emirates Securities since 1998. During his tenure, Yasin grew the company from AED 1 million in capital, 8 employees and one office to a phenomenal AED 120 million in shareholder equity, more than 40 employees and 5 offices. In 2006, Emirates Securities was ranked as one of the top three brokerage companies in the UAE.

"It is a pleasure to join the ranks of SHUAA Capital's management team. SHUAA Capital is a leader in the financial services industry and has been a pioneer in offering innovative financial products and services to investors both locally and internationally," Yasin said.

"We have ambitious plans to replicate the unprecedented success of Emirates Securities locally, growing SHUAA Securities into a leading regional brokerage platform that capitalizes on SHUAA Capital's network of relations and expansion plans into markets such as Saudi Arabia and throughout the GCC and MENA regions."