Dubai Holding announces two internal appointments at Dubai International Capital LLC (‘DIC’) following the appointment today of Sameer Al Ansari as Chief Executive Officer of SHUAA Capital psc.

Sameer Al Ansari will continue as the Executive Chairman of DIC, a post he has held since October 2004 when he founded DIC. Anand Krishnan is appointed Chief Executive Officer of DIC with immediate effect from his existing role as Chief Operating Officer. Anand joined DIC in January 2006 as CFO and was appointed COO one year later. Previously he was a Managing Director at JP Morgan Chase New York/Asia in various senior roles for a total of 19 years.

David Smoot, Chief Executive Officer, DIC Private Equity assumes responsibility for all of DIC’s investment divisions with immediate effect, including Emerging and Public Markets. David joined DIC in July 2008 from Morgan Stanley New York, where he spent 11 years and co founded Morgan Stanley Private Equity.

Commenting on the appointments, HE Ahmad Bin Byat, CEO of Dubai Holding, said, “Today and in recognition of his achievements in the finance and investments field over the past 25 years the SHUAA Board has appointed Sameer Al Ansari to drive SHUAA’s future growth. The DIC appointments announced today are designed to provide Sameer Al Ansari with the additional support he needs in his dual role as Executive Chairman of Dubai International Capital and CEO of SHUAA Capital.”

DIC is increasingly focused on creating and preserving value in its Private Equity portfolios in Europe/United States and the Middle East region via bolt-on acquisitions and ongoing support to its portfolio companies.

Anand Krishnan and David Smoot will report directly to Sameer Al Ansari and both will remain Dubai based.