| UAE. Dubai International Capital (DIC) said on Tuesday that the Chief Executive of its emerging markets division has left the company.Rabih Khoury, a senior executive within the private equity arm controlled by Dubai Holding, is leaving ”by mutual consent” to pursue other interests, DIC said in a statement. In the meantime, Anand Krishnan, DIC’s Chief Operating Officer, will fill his role on an interim basis.At this stage it is unclear whether Khoury’s departure is linked to the failed Liverpool deal. DIC’s bid to buy into Liverpool appeared to have collapsed on Monday after the club’s co-owner Tom Hicks announced he had terminated negotiations with the Dubai firm. Both Rabih Knoury and DIC CEO Sameer Al Ansari are known to be Liverpool fans.
Khoury had led DIC’s investments into emerging markets, including the Middle East and Asia. DIC plans to raise its assets under management from US$13 billion to US$25 billion or US$30 billion in the next three to four years, estimating that India, China and Japan would make up one-fifth of the total, Krishnan said last month. |
