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Emirates Investment Bank strengthens its management team with senior appointments

Dubai, UAE; 24 February 2014:
Emirates Investment Bank, a client-focused, independent private and investment banking boutique headquartered in Dubai, announces today a number of senior appointments as part of its continued expansion as well as its efforts to add further executive management expertise. Gaurav Agarwal joins as Chief Finance Officer and Biswajit Dasgupta as Chief Investment Officer – Treasury. Both gentlemen form part of Emirates Investment Bank’s Executive Committee.

As Chief Finance Officer, Gaurav Agarwal will be responsible for leading Emirates Investment Bank’s finance, operations and IT departments. Mr Agarwal joins the Bank having acted as Chief Financial Officer of Tamweel PJSC in Dubai, where he played a key role in establishing and growing the business. He brings with him over 18 years of experience in corporate finance, funding, banking, risk management and general management areas in the UAE and abroad.

Building on his 24 years of regional and international experience in foreign exchange, money markets, fixed income and equities, Biswajit Dasgupta joins Emirates investment Bank as Chief Investment Officer - Treasury, to oversee the Bank’s proprietary investments. Prior to this, Mr Dasgupta held a number of senior positions in Treasury departments at various financial institutions in the region, including Invest AD and Dubai Bank in the UAE, Al Khalij Commercial Bank in Qatar and ABN Amro.

Commenting on the executive appointments, Khaled Sifri, CEO of Emirates Investment Bank, said:

“These new appointments come as a clear reflection of our on-going strategy to enhance our sophisticated regional and international expertise. We are confident that these strategic appointments will add significant value to our bespoke investment and wealth planning solutions.

“It gives me great pleasure to welcome Mr Agarwal and Mr Dasgupta on board, and I am confident that their expertise will play an instrumental role in leading the Bank towards greater heights, adding further value to our shareholders.”

In 2008, Emirates Investment Bank redirected its strategy from being a pure asset manager to a wealth management platform offering customised private and investment banking services to a broader client base. Since then, the Bank has grown its assets under management to AED 4.26 billion as of 31st December 2013.

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