Integrated Alternative Finance (IAF), a credit subsidiary of Abu Dhabi Financial Group (ADFG), has hired Fawad Tariq Khan as its new head, according to a statement. Khan will lead the vehicle which advises on and arranges international debt transactions.
Khan joins from Deloitte Corporate Finance where he helped establish the firm’s Middle East debt advisory practice.
“We are delighted to announce the appointment of Fawad as head of IAF. He brings expertise and a strong track record working within the alternative financing sector, a market which has strong growth potential and in which IAF is already well-established,” said Jassim Alseddiqi, chief executive officer of ADFG.
IAF operates in the UAE and UK real estate sectors and recently announced its entry into Eastern Europe by arranging an AED35 million ($9.5 million; €7.5 million) loan facility to back an investment fund’s purchase of two plots of land, continued the statement.
IAF has arranged more than AED1 billion in financing so far this year. The company is one of six ADFG subsidiaries, providing alternative financing and structuring solutions to asset owners and developers for acquisition, restructuring, refinancing of new and existing development projects.
ADFG’s activities include asset management, advisory and research, financing and structuring solutions, securities trading, and real estate development.