Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, announced the appointment of Ibrahem Al Shariadah as Chief Executive Officer for its operation in Saudi Arabia.
Al Shariadah joins Kamco Invest - Saudi with extensive experience in banking and Investment having held several executive positions with top asset management firms in Saudi Arabia. He has experience across all core areas of asset and wealth management, managing various investment asset classes and building strong relations where he has served government & semi-government institutions, regional sovereign wealth funds, Saudi and regional family offices, and UHNW individuals. He holds a BA in Management Information and an MBA from Colorado Technical University (CU, CTU), USA.
Prior to joining Kamco Invest - Saudi, Al Shariadah headed the Wealth Management division at Al Rajhi Capital, leading a team of 40 people with an AUM in excess of SR46 billion in a multi-asset class portfolio. He has also held several executive positions with exposure across regional and international markets including Head of Discretionary Portfolio Management (DPMs) at Al Rajhi Capital, Acting Head of Capital & Money Market and Senior Fund Manager at Adeem Capital in Saudi Arabia, as well as several positions at Samba Capital in Saudi Arabia where he first started his career, the last being Senior Fund & Portfolio Manager in the Equity, Money Market and Real Estate Funds Department under the Asset Management Division.
Engineer Sufyan Zamil Al-Zamil, Chairman of Kamco Invest - Saudi, said: “We are pleased to welcome aboard Ibrahim Al Shariadah as Chief Executive Officer of Kamco Invest - Saudi. His experience and track record will be an added value to lead the Saudi operation to further contribute towards the implementation of the group’s growth strategy.”
Commenting on his appointment, Al Shariadah said: “Kamco Invest has built a strong reputation in the local and regional markets as a leading non-banking financial services provider and as one of the largest asset managers in the GCC. I look forward to working with the talented team in Saudi Arabia as we work together to progressively strengthen our position in the Saudi market, capitalising on the vast resources that Kamco Invest has to offer as well as the strength of its regional reach.”
Kamco Invest manages an AUM of around $12.9 billion (as of December 31, 2020) on behalf of its clients in various asset classes and jurisdictions, making it the fifth largest asset manager in the GCC according to Moody’s asset management report dated September 2019. It also holds a strong track record with investment banking credentials exceeding $23.8 billion since inception till December 31, 2020 in equity capital markets, debt capital markets and mergers & acquisitions. Kamco Invest - Saudi manages the Kamco Saudi Equity Fund with AUM in excess of SR685 million (as of February 7, 2021), making it the second largest conventional Saudi equity fund, and the largest fund managed by an independent investment company not affiliated with a local bank. -TradeArabia News Service