NBK Capital Partners has appointed Yaser Moustafa as senior managing director to replace Amjad Ahmad, who left his role as chief executive at the firm in March. Moustafa (pictured) started his new role three weeks ago and will be based in Dubai.
He joins from Alvarez & Marsal’s private equity advisory practice where he led the Middle East team and was a managing director. He will lead the firm and report to Faisal Al Hamad, chief executive of its parent, NBK Capital.
Moustafa told PDI that the NBK Capital Partners team was well established and that, as well as managing the day-to-day activity of the firm, his main focus this year will be to officially launch fundraising for the firm’s second mezzanine fund in the third quarter and bring on new products and strategies.
NBK Capital Partners makes private equity and mezzanine investments in the Gulf as well as Turkey and Egypt. The firm has fully invested its $157 million first mezzanine fund and is deploying its $310 million second private equity vehicle.
NBK Capital Partners is an illiquid-focused subsidiary of NBK Capital, which manages liquid assets for clients as well as offering investment banking, broking and equities research services. It is a wholly-owned subsidiary of the National Bank of Kuwait.