Abraaj hires Deutsche Bank veteran

Ashok Aram, who previously represented the bank on Abraaj’s board, has joined the Dubai-based private equity firm as a managing director.

MENASA-focused Abraaj Capital has appointed Ashok Aram from Deutsche Bank as a managing director.

At Deutsche Bank, Aram was based in London as the head of equity capital markets, debt capital markets and corporate coverage and sales in Central and Eastern Europe, Russia and the Commonwealth of Independent States, Middle East and Africa.  Aram has been associated with Abraaj since 2004, when he joined the private equity firm’s board to represent Deutsche Bank’s shareholding in the firm.

He had worked at Deutsche Bank for 15 years, helping to set up the bank’s telecommunications advisory financing and advisory practice in Asia. He was also the head of global banking at Deutsche Bank from 2001 to 2004, responsible for corporate banking and structured finance.

His appointment reinforces Abraaj’s team at a time of growing opportunities in the MENASA region, the firm said. Aram will work closely with managing director Mustafa Abdel-Wadood, Arif Naqvi, CEO of Abraaj, said in a statement.

In June, the firm added to its offices with the opening of a location in Riyadh, Saudi Arabia, where a team of seven is to be led by Sari Anabtawi, Saudi Arabia country head and an executive director at the firm.

Abraaj could not be reached by press time.