Emirates Investment Bank has hired Nadi Bargouti as new managing director of asset management.
In his new role, Bargouti will oversee the bank’s asset management division and will be responsible for advising the Bank’s clients on their investment strategies on both an advisory and discretionary basis, reported CPI Financial.
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Bargouti joined Emirates Investment Bank = from Shuaa Capital, where served as head of asset management, leading teams in the UAE, Saudi Arabia and Qatar. He also advised on the management of the company’s proprietary investment portfolio, including public and private investments and hedge funds.
Prior to this, Bargouti led the asset management team at Samba Capital, where he managed the performance of 26 mutual funds and 50 private discretionary portfolios, managing in excess of $8.5 billion in assets.
Khaled Sifri, CEO of Emirates Investment Bank, said: "We are confident that Nadi’s appointment will further strengthen our asset management capabilities as he brings with him extensive experience of managing money across international markets from the GCC."
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