Manama, Bahrain - April 27, 2015, Manama, Bahrain - Investcorp elects Nemir Kirdar, the bank’s executive chairman and CEO, as chairman of the board of directors of Investcorp Bank B.S.C., effective July 1, 2015.
Article continues below
]
The move follows the decision by H.E. Abdul-Rahman Salim Al-Ateeqi to retire as Chairman of the Board at the end of the current fiscal year on June 30, 2015. H.E. Al-Ateeqi has served as Chairman of the Board since inception.
Mr. Kirdar began his banking career in New York in 1969. Following two years of credit training, he worked in South East Asia and Japan for Allied Bank International. In 1974 he joined the Chase Manhattan Bank in New York, as vice president. Between the years of 1976 and 1981, Mr. Kirdar served in the Persian Gulf to oversee and direct Chase’s banking network in the region. In 1982, he founded Investcorp.
Mr. Kirdar has received an honorary doctorate in humane letters from Fordham University of New York, Georgetown University in Washington DC; in laws from the University of the Pacific, California; and in economics from Richmond, The American International University in London.
He is an honorary Fellow of St Antony’s College, Oxford University; Member of the United Nations Investments Committee, NYC; Member of the Board of Trustees, Brookings Institution, Washington DC; Member of the Board of Trustees, Eisenhower Exchange Fellowship, Philadelphia, PA; Member of the Advisory Board, School of International & Public Affairs, Columbia University, NYC.
He is a Founding member of the International Business Council, World Economic Forum, Geneva; Member of the Chatham House Panel of Senior Advisers, UK; Member of the International Council of the Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University; Member of the Council for Arab & International Relations, Kuwait; Member of the Board of Trustees, Silatech, Doha, Qatar.
Following Mr. Kirdar's decision to retire as Executive Chairman and CEO, a position he has held since the firm’s founding, Mohammed Al Ardhi will succeed him as Executive Chairman and Mohammed Al-Shroogi, President, Gulf Business, and Rishi Kapoor, Chief Financial Officer, will be appointed as Co-CEOs. ■