SHUAA Capital, the prominent asset management and investment banking platform in the United Arab Emirates, has appointed Wafik Ben Mansour as Acting CEO. In this new role, Wafik will spearhead the next phase of SHUAA’s capital optimization initiative, aiming to establish a robust growth platform and capitalize on market opportunities across the UAE and the broader region. Bringing with him a wealth of experience, Wafik, formerly a Managing Director at Credit Suisse for 15 years, joined SHUAA in May 2023 to lead the advisory and capital markets platform, serving institutional clients in the MENA region.

Fawad Khan, who led the Dubai-based investment bank Shuaa Capital for more than 18 months, has resigned from his post. Khan stepped down for “personal reasons” and “will serve his notice period of three months with Shuaa providing support and ensuring smooth continuity of business activities”, the company said in a statement to the Dubai Financial Market, where its shares are traded. Throughout his tenure, Fawad demonstrated unwavering commitment and dedication to the company.