NCB Capital, a major Saudi investment bank and the Kingdom's “largest asset manager,” has appointed Sarah Al-Suhaimi as CEO and member of the board subject to CMA (Capital Market Authority) approval. Tariq Linjawi, who had been acting CEO, is leaving the firm having successfully managed the organization through a transition period.
Al-Suhaimi joins, following CMA approval, from Jadwa Investment where she was head of asset management and CIO, managing over SR17 billion of assets in public and private equity, real estate and fixed income. Having joined Jadwa in 2007, she was previously head of portfolio management and prior to that had spent five years at Samba Financial Group, where she played a senior role in their asset management team managing high-net worth and institutional portfolios.
Commenting on her appointment, Mansour Al-Maiman, chairman of NCB Capital, said: "Sarah is a highly-experienced investment professional, with a proven track record of successful leadership in the industry. She has played a pivotal role in launching award-winning funds and growing asset management businesses. We are delighted that she is joining us. We would also like to thank Tariq Linjawi for his commitment to managing the firm through a period of transition."
Sarah is the vice chairperson of the advisory committee to the CMA and is a graduate of King Saud University, with a Bachelor of Administrative Science degree in accounting.
NCB Capital is described as the largest asset manager in Saudi Arabia, with SR46 billion ($12 billion) and offers its client the full range of investment services, including award-winning funds. It was recently voted No. 1 in economic research and in five sectors by Euromoney and also Wealth Manager of the Year by Global Investor magazine.
NCB Capital appoints Sarah Al-Suhaimi as CEO
