Dubai World restructuring chief mulls top DIC role

Aidan Birkett, former chief restructuring officer of Dubai World, said to be in final talks with Dubai Int'l Capital
Dubai World restructuring chief mulls top DIC role
Birkett was hired from Deloitte in November 2009 by the government to oversee restructuring of Dubai World’s $25bn of debt (Getty Images)
By Bloomberg
Sun 01 May 2011 04:54 PM

Aidan Birkett, former chief restructuring officer of Dubai World, may become a non-executive director of Dubai International Capital, two people familiar with the matter said.

Birkett, who stepped down from his role with state-run Dubai World in October, is in the final stages of talks with Dubai International, said one of the people. They declined to be identified because the matter is private.

A spokesman for Dubai International declined to comment. Birkett couldn’t be reached for comments.

Birkett was hired from Deloitte in November 2009 by the government to oversee the restructuring of Dubai World’s $25bn of debt. Dubai World signed a final agreement with its creditors in March.

Dubai International, an investment company owned by Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum, agreed in December with its main creditors on altering terms on about $2.5bn of debt.

Dubai International holds stakes in companies including Och-Ziff Capital Management Group, Travelodge Hotels Ltd and Mauser AG, according to its website.

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