Dubai International Capital Bolsters PE Staff

Dubai International Capital has expanded its private equity division taking on two executives who formerly worked at the private equity arms of investment banks Merrill Lynch and Morgan Stanley.

 

Eric Kump 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.

 

Additionally, DIC has appointed Marc Holland as finance director of private equity in its London office and Alykhan Nathoo as chief executive of DIC Emerging Markets, based in Dubai.

 

Hollander was formerly at Investor AB, where he was a managing director in the private equity division.

 

Nathoo joins from Bain Capital in London where he has been for nine years, after helping set up Bain’s presence in Europe.

 

DIC was launched in 2004 and manages assets in excess of US$12bn. Its portfolio in Europe includes Travelodge, the hotel chain and medical devices business Alliance Medical. It was also in talks to buy Liverpool Football Club earlier this year.

 

Source: Thomson Merger News