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Tue 24 Mar 2015 05:32 PM

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Dubai's MAF hires new CEO for properties division

Bertrand Julien-Laferriere named as new boss of unit which manages portfolio worth $10bn

Dubai's MAF hires new CEO for properties division

Majid Al Futtaim, the Dubai-based retail and leisure company, on Tuesday announced the appointment of Bertrand Julien-Laferriere as CEO of its properties unit.

Julien-Laferriere is responsible for the overall growth of the group's entire property portfolio worth $10 billion, in addition to the pipeline of development projects.

The portfolio comprises 17 shopping malls, which includes the Mall of the Emirates in Dubai and the City Centre mall network - the largest in the Middle East, plus 11 hotels and three mixed-use communities in MENA.

Commenting on the appointment, Alain Bejjani, CEO of Majid Al Futtaim - Holding, said: "Bertrand has extensive experience in international development and in managing real estate firms over the past 30 years.

"His appointment will help strengthen Majid Al Futtaim's regional leadership position and I know he will play an instrumental role to support the future of the company and our next phase of growth."

Julien-Laferriere was previously the managing director of the world famous Ricardo Bofill design practice and has worked in hospitality, with worldwide responsibilities for Accor Hotels and Club Méditerranée.

Prior to joining Majid Al Futtaim he has held executive positions for both listed and non-listed real estate firms including chief development officer of Unibail-Rodamco, the largest real estate investment trust in Europe specialising in shopping malls.

Following the appointment Ghaith Shocair will resume his role of chief financial officer for Majid Al Futtaim Properties after stepping in as acting CEO since September 2014.

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