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New CEO appointed for Investcorp KSA

New CEO appointed for Investcorp KSA
(Photo Credit: Bank website)
Investcorp
INVCORP
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Riyadh – Mubasher: Investcorp Bank appointed Gabriel Aractingi as the CEO of the firm’s business in Saudi Arabia, namely Investcorp Saudi Arabia Financial Investments.

Aractingi will cover Riyadh and the Eastern Province, while Yasser Bajsair, Investcorp managing director in the Kingdom, will continue to focus on the Western Province, according to a bourse filing on Tuesday.

The new CEO has joined Investcorp in 2016 as managing director, having worked previously with Morgan Stanley as CEO of its Saudi Arabia business and before that as head of Private Wealth Management, MENA, in addition to working at Swiss private bank Lombard Odier as the head of Middle East and Special Clients.

Investcorp has 15 staff members in the Kingdom and its investments in include Al Borg Medical Laboratories, Bindawood Holding, Leejam, Theeb, Al Yusr Industrial Contracting Company (AYTB), L'azurde, and NDT Corrosion Control Services, the statement said.