Bahrain-based alternative investment manager Investcorp has appointed Mohammed Al Sada as head of its private wealth for Bahrain and Kuwait.

Al Sada, who has been part of the firm since 2008, has previously handled several leadership positions within the firm.

Most recently, he has been working on growing distribution networks which have contributed to the rapid expansion of both the Private Equity and Real Estate units, Investcorp said.

Commenting on the new appointment, Investcorp Private Wealth managing partner Yusef Al Yusef said: “Mohammed has been a great ambassador for Investcorp and his appointment not only reinforces our commitment to maintain a longstanding relationship with clients in the GCC, but also reflects the strengths and high caliber of Investcorp’s new generation of leaders.

“We are confident that his experience and network will play an integral role in providing superior services and delivering tailored investment solutions to meet our clients’ needs across alternative asset classes.”

In his new role, Al Sada will focus on serving the company’s clients in Bahrain and Kuwait markets. He will also work to expand the business in these geographies in accordance with the company’s expansion plans across asset classes.

Al Sada said: “I am excited to take on this new role and look forward to working closely with our team to enhance our existing relationships and build new ones, as we continue to nurture strong, enduring relationships with our clients.”

Recent developments at Investcorp

In December last year, Investcorp acquired a minority stake in private equity firmv Centre Lane Partners through its New York-based unit Strategic Capital Group (ISCG) that purchases holdings in midsize general partners.

The same month, the firm agreed to divest its indirect interest in Swiss private bank Banque Pâris Bertrand to Rothschild & Co Bank.

Last May, Investcorp and Tages Group merged their absolute-return businesses to form an equal stake joint venture (JV).

The move combined Investcorp’s Absolute Return Investments (ARI) business with Tages’ absolute return arm Tages Capital.