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Shuaa Capital Appoints Michael Philipp To Board Of Directors
(2 October 2011)

 

Shuaa Capital, the financial services institution in the GCC region, announced that Michael Philipp has been appointed to the company’s Board of Directors. This appointment fills a vacancy on the Board and will bring the total number of the Board of Directors to eight members.

Previously, Michael Philipp was Chairman and CEO of Credit Suisse Europe, Middle East and Africa, and served as a Member of the Group Executive Board of Credit Suisse.

Mr. Philipp joined Credit Suisse from Deutsche Bank, where he was a Member of the Board of Managing Directors responsible for the Middle East and Africa region. At Deutsche Bank, he has held a number of senior management positions, including Chairman and CEO of Deutsche Asset Management, with responsibility for over $600bn of client assets. He was a central figure in Deutsche Bank’s expansion into global investment banking with the acquisition of Banker’s Trust. He also served as Head of Global Equities and Head of Global Markets Sales.

Prior to joining Deutsche Bank, Mr. Philipp spent over a decade at the forefront of the rapidly expanding global futures and options industry. At Goldman Sachs, he held a variety of positions in Fixed Income and the Futures Services Departments; and at Merrill Lynch he was the Global Head of Futures and Options.

Michael Philipp is currently Chairman of Reykjavik Geothermal, Ltd., a geothermal power development company based in Iceland. Mr. Philipp is also the Managing Partner of Ambata Capital Partners, an international advisory and investment firm based in New York, Atlanta and San Francisco. Michael holds a B.A. in Fine Arts, an M.B.A. in Finance, and an honorary Ph.D. from the University of Massachusetts.

His Highness Sheikh Maktoum Hasher Al Maktoum, Chairman of the Board of Directors of Shuaa Capital, said, "Michael Philipp is a globally recognized leader in the investment banking and asset management industry; he is an excellent addition to our Board of Directors. We look forward to benefitting from Mr. Philipp’s experience as we focus on enhancing Shuaa Capital’s position as a regional leader in financial services."

 

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