Appointments

EIB brings in Sakellaris

EIB brings in Sakellaris

The European Investment Bank (EIB) has appointed Plutarchos Sakellaris as vice-president. His responsibilities on the EIB’s management committee include supervising financing operations in Denmark, Ireland, Greece, Cyprus, and African, Caribbean and Pacific countries. Sakellaris also takes over the EIB’s economic and financial studies division.

New chief executive for Old Mutual

New chief executive for Old Mutual

The board of Old Mutual has accepted the resignation of its chief executive, Jim Sutcliffe. Julian Roberts, who has been CEO of Skandia since February 2006 and before that group finance director of Old Mutual, is taking over as new CEO.

HSBC hires Saudi equity analyst

HSBC hires Saudi equity analyst

HSBC Global Banking and Markets has hired Raj Sinha to be head of equity research, Saudi Arabia. Sinha will be based in Riyadh and will cover listed companies in the kingdom and MENA region for regional and international clients.

Al Hamli becomes CEO of Dubai Islamic Bank

Al Hamli becomes CEO of Dubai Islamic Bank

Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as its new chief executive officer. Al Hamli, who previously served as chief of operations and information technology at DIB, has worked at the bank for nine years, following 16 in progressively senior positions at leading public and private-sector organisations in Dubai, including more than a decade and a half as director of information systems at the Dubai Ports Authority and Jebel Ali Free Zone.

Dubai's DFSA appoints next CEO

The board of the Dubai Financial Services Authority (DFSA) has hired Paul Koster as its next CEO. Koster succeeds David Knott, who retires from full time employment in December this year, after nearly four years with the DFSA. Knott is widely credited as having established the DFSA as a highly regarded regulator operating to world-class standards.

Senior appointment to develop QFC

Senior appointment to develop QFC

The Qatar Financial Centre (QFC) authority has appointed Jon Morton as director for financial development. Morton has joined the QFC authority from Henley Business School in the UK, formerly Henley Management College, which merged with the University of Reading in August.

Morgan Stanley appoints Achkar as Saudi CEO

Morgan Stanley appoints Achkar as Saudi CEO

Morgan Stanley has further strengthened its Saudi Arabia team by appointing Habib Achkar, managing director, as chief executive officer of Morgan Stanley Saudi Arabia. Achkar will oversee the continued expansion of MSSA and will relocate to Riyadh.

New CEO for Rand Merchant Bank

New CEO for Rand Merchant Bank

Alan Pullinger, who has been deputy CEO since April, will take over as CEO of Rand Merchant Bank. He replaces Michael Pfaff who will remain on the RMB divisional board until December.

Corporate finance and debt hires for Investec

Corporate finance and debt hires for Investec

Investec Investment Bank and Securities, the specialist investment bank, has announced two appointments as the bank continues to build on its position as a leading mid-market specialist. Gareth Taylor has joined as a director in the corporate finance division to lead Investec’s coverage of private equity clients and Matthew Wesley has joined the expanding debt advisory team as an associate director.