Sarah Alexander, the founding president and former chief executive of the Emerging Markets Private Equity Association, has quietly left The Abraaj Group, which she joined in 2013 as a managing director.
“I recently determined that I had personally fulfilled the goals I had set out for myself when I joined Abraaj two years ago, after serving a decade as founding president & CEO of EMPEA, and it’s an opportune time to embark on the next chapter of my career,” Alexander wrote in an email to industry colleagues sent out last week.
Alexander declined to comment.
Matthew Glasser, a spokesman for Abraaj, said Abraaj does not comment on personnel matters.
Alexander stepped down as president and CEO of EMPEA and joined Abraaj in February 2013, according to a press release. She was brought on to help the firm strengthen relationships in North America, the press release said.
Alexander helped to establish EMPEA in 2004 as an association for emerging markets private equity. As of 2014, the group had more than 300 members including institutional investors, fund managers and advisors, according to its website.
It’s not clear what’s next for Alexander. Her email said she is involved in consulting projects and is “continuing to actively engage in several non-profit board and advisory roles.”
Alexander, meanwhile, represents the second significant departure from Abraaj in recent months. Aly Jeddy, a partner at Abraaj, left last year after less than a year at the firm to rejoin McKinsey & Co, where he had previously worked as a private equity consultant.
Abraaj Group manages $7.5 billion in assets with more than 25 offices in Asia, Africa, Latin America and the Middle East. The firm this week agreed to acquire Saudi Arabian fast-food chain Kudu along with TPG Capital, Reuters reported.
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