ICD appoints chief investment officer

Established in May 2006, ICD comprises all wholly or partly-owned government businesses in Dubai with aggregate market value in excess of Dh300 billion, and covering numerous sectors. ICD has been mandated to play a leading role in driving the future prosperity of Dubai's investment portfolio and generating a superior return on investment in a way that will benefit the entire UAE community.

Announcing the new appointment, Mohammed Al Shaibani, said: "As a world-class investment institution, Investment Corporation of Dubai prides itself on being able to attract local and international professionals who are recognised for delivering on their multi specialty skills."

"The appointment of J Thayer Jack as Chief Investment Officer is in line with our strategy to build a core team of Global professionals who will not only be responsible for identifying growth opportunities and tapping into the inherent potential of the numerous companies under the ICD portfolio, but also assist ICD with Global investments on our behalf," he added.