SHUAA Capital, the leading financial services institution in the GCC, announces the appointment of Mr. David Deards as its new Chief Financial Officer from 1 March 2010. Previously David was Group CFO of Alliance Trust, a FTSE 100 investment company.
Mr. Sameer Al Ansari, Chief Executive Officer of SHUAA Capital, said:
“David acted as Group CFO for a FTSE 100 investment company and brings over 20 years of diversified financial services experience to SHUAA. He will be instrumental in positioning SHUAA on a solid footing and maintaining the financial flexibility required to execute our high-growth strategy. David’s appointment underscores our management team’s desire to benefit both from fresh leadership perspectives, international best practice and people who are eager to create a success out of SHUAA.”
Mr. David Deards, Chief Financial Officer of SHUAA Capital, commented on his appointment:
“SHUAA has the right core ingredients to prosper and is well positioned to generate top- and bottom-line growth. I am proud to join a regional powerhouse like SHUAA and look forward to working with the management team to drive SHUAA forward to a new era of sustainable growth”.
During his time as Group CFO at Alliance Trust, David was instrumental in developing the strategy for the growth of its investment business and financial services subsidiaries. He was an integral member of the Asset Allocation Committee and was also responsible for managing the Treasury function of Alliance Trust and its banking subsidiary. He introduced financial reporting systems and was responsible for compliance, audit and investor relations.
Prior to joining Alliance Trust, David held various senior positions at Ansbacher & Co, including Product Development, Group M&A, Banking and Corporate Finance. He qualified as a Chartered Accountant with Ernst & Young.
