Dubai International Capital LLC (‘DIC’) today announces that it has appointed Alykhan Nathoo as Chief Executive Officer of DIC Emerging Markets. Alykhan joins DIC on November 2nd and will be based in Dubai.
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 EM 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, one of the largest global private equity firms, where has worked for over nine years. He was 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. Alykhan spent 18 years growing up in Africa and is of Indian descent, providing an ideal background for his DIC role. Alykhan obtained his BA in Quantitative Economics with Distinction from Stanford University and MBA from Harvard Business School, where he was a Baker Scholar.

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’s emerging markets portfolio.”

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”.