Dubai-based Abraaj Capital has appointed Deutsche Bank veteran Ashok Aram as a Managing Director. Aram, who was with Deutsche Bank for 15 years, was working as a Managing Director in the Global Markets division of the bank in London. Abraaj is one of the largest private
equity funds in the Middle East, North Africa and South Asia (MENASA) region and has raised $7 billion since inception in 2002.
Aram, 38, was Head of Equity Capital Markets, Debt Capital Markets, and Corporate Coverage & Sales in Central & Eastern Europe, Russia & the Commonwealth of Independent States, the Middle East and Africa. He was also on board of Abraaj since 2004, representing Deutsche’s
shareholding in the company.
“Its (Abraaj) growth over the last few years has been extraordinary and it is now clearly a leader in its field. I am here to do what I can to help take it to the next level,” said Aram in a release.
Aram serves on the board of a number of companies in the United States and India, and is a trustee of Shanti Ashram, a development foundation in Coimbatore, India.
“Ashok has had an extraordinary career,” said Abraaj CEO Arif Naqvi. “We are very proud that he has joined us. Working closely with Managing Director Mustafa Abdel-Wadood and the rest of the Abraaj team, Ashok will make a valuable contribution to how we benefit from the credible opportunities in our region for our investors.”
Abraaj formed a joint venture fund with Sabre Capital Worldwide, formed by former Standard Chartered Bank CEO Rana Talwar, to invest in India. Sabre-Abraaj Capital raised $100 million, and has invested companies like Ramky Infrastructure, ECI Engineering Construction, and Man Infraconstruction.