Al Kindi joins Arcapita's expanded board

Bahrain's Arcapita Bank, a private equity firm that manages about $5 billion (Dh18.36bn), yesterday announced expansion of its team with addition of three new board members, including Abu Dhabi Investment Council Managing Director Khalifa Mohamed Al Kindi.

The members – including Sheikh Jassim bin Hamad bin Jassim bin Jabr Al Thani, a financier and a member of the ruling family of Qatar, and Dr Haji Mohammed Amin Liew Abdulla, Managing Director of the Brunei Investment Agency, bring a wealth of regional and international experience, a press statement said.

Sheikh Jassim brings exceptional knowledge and expertise of the GCC and international investment markets. He is currently Chairman of Qatar Islamic Bank, Qatar's second biggest Islamic bank which is pursuing an international expansion strategy.

Al Kindi brings more than 25 years of investment banking experience to the Arcapita Board, more than 20 of which he spent at the Abu Dhabi Investment Authority. In addition, he is currently serving as Chairman of the National Bank of Abu Dhabi, Abu Dhabi National Insurance Company, and Abu Dhabi Investment Company.

Dr Amin, Managing Director of the Brunei Investment Agency, which is the main vehicle for the management of Brunei's General Reserve Fund. Dr Amin has significant experience of investing in alternative investments across the world and holds a PhD in Corporate Finance.

Atif A Abdulmalik, Arcapita's Chief Executive Officer, said: "We are very pleased to have such distinguished and experienced individuals join the Arcapita Board of Directors, which is a testament to the strength of the institution we have built. Our new board members will play an important role in assisting management further develop and execute our global investment strategy, as we expand our activities into new geographies and sectors."

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