We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Abraaj names new CEO as deal closes

Abraaj Capital

Tom Speechley, senior partner at Abraaj Capital, has been appointed chief executive of Aureos Capital and will manage the firm's small and mid-cap assets


July 24, 2012 3:09 by

Abraaj Capital, the Middle East‘s largest private equity firm, closed its acquisition of UK-based Aureos Capital, it said on Tuesday, and appointed a new chief executive for the specialist fund manager.

Abraaj struck a deal to buy the emerging market fund manager in February, creating an entity with approximately $7.5 billion in assets under management. Financial terms were not disclosed.

Abraaj, which owns stakes in Orascom Construction, budget carrier Air Arabia and supermarket chain Spinneys, said at the time it would not raise fresh debt for the acquisition.

The Dubai-based firm said Tom Speechley, senior partner at Abraaj Capital, has been appointed chief executive of Aureos Capital and will manage the firm’s small and mid-cap assets, the statement said.

Aureos manages assets of $1.3 billion and provides expansion and buyout funding to small and medium-sized businesses in AsiaAfrica and Latin America. Its chief executive Sev Vettivetpillai will now be the executive chairman of the company, Abraaj said. (Reporting by Praveen Menon; Editing by Amran Abocar)


Tags: , , , ,

Leave a Comment