Established in May 2006, ICD comprises all wholly or partly-owned government businesses in Dubai with aggregate market value in excess of Dhs300bn, and covering numerous sectors. ICD has been mandated to play a leading role in driving the future prosperity of Dubai's investment portfolio and generating a superior return on investment in a way that will benefit the entire UAE community.
Announcing the new appointment, H. E. Mohammed Al Shaibani, said: 'As a world-class investment institution, Investment Corporation of Dubai prides itself on being able to attract local and international professionals who are recognized for delivering on their multi specialty skills. The appointment of J Thayer Jack as Chief Investment Officer is in line with our strategy to build a core team of Global professionals who will not only be responsible for identifying growth opportunities and tapping into the inherent potential of the numerous companies under the ICD portfolio, but also assist ICD with Global investments on our behalf'.
He added: 'J Thayer Jack comes with quality Investment banking and financial services experience, and has been involved in developing and building a number of funds and companies. We are confident that his experience and expertise will be fully utilised by our portfolio companies as they focus on transforming Dubai and the UAE into a global economic power centre'.
Prior to taking up his appointment at ICD, J Thayer Jack was the Senior Managing Director of Phoenix Capital Partners Ltd, Cincinnati, and Managing Director of the Shariaa compliant Trillion Funds Group. Jack has also been a Managing Director with Bearing Point Consulting and a Partner at KPMG Peat Marwick LLP.
Investment Corporation of Dubai appoints top investment banker as Chief Investment Officer
Mohammed Al Shaibani, Executive Director and Chief Executive Officer of Investment Corporation of Dubai (ICD) announced today the appointment of J Thayer Jack, as the Chief Investment Officer of ICD.
- United Arab Emirates: Saturday, November 17 - 2007 at 15:07
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About Investment Corporation of Dubai (ICD)The Investment Corporation of Dubai (ICD) was established in May 2006, following the transfer of Dubai Government's portfolio of investments from the Department of Finance's Investment Division. ICD's role is to supervise the Government's investment portfolio, adding value through the implementation of world best-practice corporate governance, recruitment of best people and embracing of a global investment strategy.
Formed as an independent financial and administrative body, ICD has been mandated to encourage investments in the emirate and manage a range of assets to the highest level of international best practice in corporate governance, both locally and globally, besides providing direct supervision of management of financial, industrial and services investments made by the Government.
Its portfolio comprises all wholly or partly-owned government businesses in Dubai, including Emirates Airline, Dubai Aluminum, Emirates NBD, Borse Dubai, ENOC, Shuaa Capital, Dubai Islamic Bank; Emaar, Dubai World Trade Centre and Jebel Ali Free Zone amongst many others.
Investment Corporation of Dubai - Board of Directors
H.H. Sheikh Mohammed bin Rashid Al Maktoum - Chairman
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum - Vice-Chairman
H.H. Sheikh Ahmed bin Saeed Al Maktoum - Director
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum - Director
H.E. Mohammad Al Gergawi - Director
H.E. Ahmed Humaid Al Tayer - Director
H.E. Sultan Ahmed Bin Sulayem - Director
H.E. Mohamed Ali Alabbar - Director
H.E. Mohammed I. Al Shaibani - Executive Director & CEO
For further information, please contact:
Anosh Ahamath/Diala Ballout
BPG Public Relations, Dubai
Tel: +9714-295 3456
Fax: +9714-295 1027
Medilyn Manibo, Assistant News EditorSaturday, November 17 - 2007 at 15:07 UAE local time (GMT+4)
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This Article was updated on Tuesday, June 10 - 2008
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