Bahrain SWF Mumtalakat appoints new COO

Investment arm of Bahrain says it has promoted Zulfe Ali to chief operating officer

Mahmood Hashim Al Kooheji, CEO of Mumtalakat.

Mahmood Hashim Al Kooheji, CEO of Mumtalakat.

Mumtalakat Holding Company, the investment arm of Bahrain, said on Tuesday it has appointed a new chief operating officer.

It said Zulfe Ali had moved up from his previous position within the company of vice president Corporate Finance when he managed Mumtalakat's portfolio of liquid investments.

A company statement said Ali has nearly 20 years of experience in the financial services industry in both asset management and investment banking.

Prior to joining Mumtalakat, he worked for JP Morgan in both London and New York and Bank of America.

As the new COO, Ali will be responsible for overseeing Mumtalakat's corporate functions, including Finance, Risk Management, Legal, Information Technology and Corporate Finance, the statement said.

Mahmood Hashim Al Kooheji, CEO of Mumtalakat, said: "Over the past four years, he (Ali) has played a critical role in helping to establish Mumtalakat as a globally recognised and respected institution.

"His deep knowledge of Mumtalakat, his skillsets and his leadership qualities all combine to make him an ideal candidate to manage and lead the corporate functions of Mumtalakat."

Mumtalakat holds stakes in more than 35 commercial enterprises spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation and food production.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Banking on reforms in Kuwait

Banking on reforms in Kuwait

As Kuwait stares down its first deficit in 20 years, the Gulf...

Saudis face dilemma between size and pricing in debut bond sale

Saudis face dilemma between size and pricing in debut bond sale

Riyadh is under pressure to maximise the size of its international...

Most Discussed
sponsoredTracking