Dubai International Capital LLC (DIC) has appointed Alykhan Nathoo as Chief Executive Officer of DIC Emerging Markets. The sovereign wealth fund has appointed Nathoo to grow its team in Asia where the fund has earmarked $2 billion for investments.
DIC invests through three divisions – Private Equity, Public Equities and Emerging Markets (‘EM’) – managing assets in excess of $13 billion. The appointment of Alykhan is part of DIC’s strategy to increase emerging markets exposure and balance its international portfolio. He will be responsible for spearheading direct investments in emerging markets and managing the growth plans of the existing Emerging Markets portfolio, which includes significant stakes in Rivoli and KEF in the UAE, True Group in Singapore and DIC’s country specific funds: Jordan Dubai Capital and Saudi Dubai Capital.
Alykhan joins DIC from Bain Capital in London after a stint of nine years with them. He was a part of the founding team of Bain Capital Europe and played a significant role in the firm’s European entry strategy and organizational development. Most recently, he led the $1.7 billion global acquisition of Ideal Standard Bath & Kitchen from American Standard.
Sameer Al Ansari, Executive Chairman and CEO of DIC said: “We are focused on the continual strengthening and upgrading of the DIC team, ensuring we have world class leadership and investment professionals. Alykhan’s appointment as CEO of Emerging Markets and his vision for the business is an important step in expanding DIC.”
Alykhan Nathoo said: “DIC provides a unique platform to establish one of the pre-eminent emerging markets private equity firms globally. Given DIC’s track record of growth, access to capital, geographical location and depth of relationships within emerging markets it is strongly positioned. My focus in 2009 will be to build a world class investing team and investment process in order to focus DIC’s direct investing efforts across specific emerging markets.”
DIC Strengthens Its PE Team
Additionally, DIC appointed Eric Kump who joins from Merrill Lynch Global Private Equity to become managing director of DIC’s London office. He will spearhead the investment firm’s private equity team in Europe from DIC’s European headquarters in London.Former Morgan Stanley Private Equity executive David Smoot joins DIC as managing director of private equity, based in Dubai. It has also appointed Marc Holland as finance director of private equity in its London office. Hollander was formerly at Investor AB, where he was a managing director in the private equity division.