Dubai-based financial services firm Arqaam Capital has chosen Abdul Kadir Hussain to set up and head its fixed income asset management division.
The appointment comes two years after the company bought the infrastructure asset management business of Instrata Capital in Bahrain. Last year, the emerging markets-focused bank hired Rothschild to advise it on its planned stock market flotation in the emirate as it seeks to expand into new regions.
Mr. Abdul Kadir brings vast experience in leading fixed income asset managers, coupled with extensive regional knowledge. Prior to joining Arqaam, Mr. Abdul Kadir spent more than 10 years as Chief Executive Officer of Mashreq Capital where oversaw $1.5 billion across its asset management business.
Earlier in his career, he served as a Managing Director at Credit Suisse where he ran a proprietary book, investing in emerging markets and high-yield developed markets debt.
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Hussain has an undergraduate degree from the Wharton School of the University of Pennsylvania, an MBA from the Andersen School at UCLA and has been a CFA charter holder for the past 21 years.
Arqaam has offices in five countries in the Middle East and Africa and offers services including brokerage, asset management and corporate finance advisory. It has about $150 million of capital and nearly $1 billion of total client assets from around 700 clients, according to a company presentation on its website.
Tarek Lotfy, President of GCC at Arqaam Capital, commented: “We are thrilled to welcome Abdul Kadir to our team. His outstanding track record across the fixed income spectrum as well as his strong understanding of the challenges facing our clients will be of great value to the firm.”
Speaking on his appointment, Abdul Kadir said: “I am very excited to build a fixed income asset management platform at a dynamic and energetic firm like Arqaam, which has a unique understanding of emerging and frontier markets and an excellent base to develop this business from”.