CdR Capital expands Gulf reach
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CdR Capital, a private investment group with offices in Geneva and London, is continuing to build its global presence with a board appointment in Dubai, where the company has established operations.
Faysal Badran has joined CdR Capital as a board director in Dubai. In this role, he will work alongside Omar Ayache, Omar El-Abd and Nicolas Salloum in developing the group’s franchise in the Gulf, as well as internationally.
With more than 20 years’ experience in investments across both asset and risk management, Badran’s skill set is ideally suited to CdR Capital’s markets-focused advisory approach.
“Some of our cornerstone clients are based in the Middle East so we have always had an office in Dubai. Now that we have established an asset management business in London, we are ready to offer a full suite of services globally,” said Omar Ayache, co-founder and managing partner at CdR Geneva.
“Faysal’s appointment as a Director to our board in Dubai represents the next step towards deepening our regional footprint,” said Steve Smith, co-founder and managing partner in London, adding, “We have both known Faysal since our Bankers Trust and UBS days and have always looked for ways to work together.”
Before moving to Saudi Arabia to join National Commercial Bank in 2006, Badran’s career in financial services, which started in 1989 at The Chase Manhattan bank, has spanned roles in Beirut, Geneva, London and Paris.
As head of asset management and chief investment officer at NCB Capital, the National Commercial Bank’s Jeddah-based investment arm, Badran ran a team of 45 professionals and $12 billion in assets under management.
Most recently, Badran was chief investment officer at the Savola Group, a Saudi Arabian industrial company, a role in which he has been leading investments, corporate strategy and acquisitions.
“After more than 20 years working in large institutions, I am looking forward to the entrepreneurial opportunities of a boutique environment and to help build CdR Capital in the Gulf and internationally,” said Badran.
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CdR Capital was originally founded in 2012 by Omar Ayache and Steve Smith in Geneva as a private investment office, serving a core group of large families and institutions. It also has offices in London and Dubai as well as a joint-venture with CdR Hollander, whose principal offices are in Miami.