Published: October 10, 2011
Former Credit Suisse EMEA head will help find successor to Sameer Al Ansari.
SHUAA Capital, an investment bank based in Dubai, has hired Michael Philipp as an interim chief executive officer, replacing Sameer Al Ansari, who has stepped down.
In a statement announcing that he is leaving the bank, Al Ansari said he believes SHUAA Capital “now needs a different skill set that will help the firm achieve its next phase of growth”.
Philipp has joined the bank immediately, tasked with helping to find a permanent successor.
Philipp was chairman and CEO of Europe, the Middle East and Africa at Credit from 2005 to 2008, during which time he focused on expanding the bank’s work in emerging markets. He has also worked at Deutsche Bank, where he was managing director for the Middle East and Africa, Goldman Sachs and Merrill Lynch.