Investcorp appoints James Tanner as Head of Placement and Relationship Management

Reporting to Tanner are Investcorp's three Gulf heads: Mazin Al Khatib, Managing Director and Regional Head of Saudi Arabia and the United Arab Emirates; Khalid Al Rumaihi, Managing Director and Head of the Institutional Team; and Tim Mattar, Managing Director and Regional Head of Bahrain, Kuwait, Oman and Qatar.

From 2005 to 2008 Tanner was Managing Director, Distribution and Alternatives at leading London-based investment house Morley Fund Management, now Aviva Investors, serving on the firm's Executive Committee. Previously, from 2002 to 2004, he was Managing Director, Global Markets at HSBC in London, and before that he spent 19 years at Morgan Stanley in London, New York and Hong Kong. At Morgan Stanley, his roles included serving as CEO of Morgan Stanley Investment Management, Europe, and as Head of the International Private Client Group, Asia Pacific.

Investcorp's Placement and Relationship Management (PRM) team is responsible for placement and fundraising for the firm's alternative investment products, advising its investor base of prime institutions and top-tier high-net-worth individuals in the GCC countries of the Arabian Gulf and beyond. In the last fiscal year, Investcorp's placement and fundraising with clients was a record $4.7 billion. The PRM team members cultivate long term, often multi-generational, relationships with clients, working closely with the investment professionals from Investcorp's five business lines: private equity, technology investment, Gulf growth capital, real estate and hedge funds.

Nemir A. Kirdar, Executive Chairman and CEO of Investcorp said: "We're delighted to welcome Jim Tanner to Investcorp. Our collective experience at Investcorp has always benefitted from bringing in senior individuals with outstanding records; people who share our commitment to culture, rooted in team work and long-lasting relationships. At a time of unsettled market conditions, we are looking long-term: our ongoing investment in our fundraising and placement capabilities is fundamental for Investcorp, and Jim will play an important part in that process."

James Tanner said: "Like most in the global asset management industry, I've admired Investcorp's unique reputation for many years. I'm excited to be joining the firm at a time when its product range has substantially broadened and it's been able to double assets under management in the last two years. With its strong franchise in the world's fastest growing wealth region and growing international fundraising, Investcorp is well placed to exploit the continuing trend towards higher allocations for alternatives, as investors seek to improve their risk-return frontier."