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Ashok Aram Joins Abraaj Capital as Managing Director

Filed on July 7, 2009

DUBAI - Dubai-based Abraaj Capital, a leading private equity company in the Middle East, North Africa and South Asia, or MENASA, has announced the appointment of Ashok Aram as a managing director after a distinguished 15-year career at Deutsche Bank.

The appointment reinforces Abraaj’s world-class team at a time of growing opportunities in the MENASA region, a Press statement said.

Aram, 38, joins Abraaj from London where he was Head of Equity Capital Markets, Debt Capital Markets, and Corporate Coverage & Sales in Central & Eastern Europe, Russia & the Commonwealth of Independent States, the Middle East and Africa.

“I am very excited to be joining Abraaj,” Aram said. “Its growth over the last few years has been extraordinary and it is now clearly a leader in its field. I am here to do what I can to help take it to the next level.”

Aram, who is from India, began his career with Deutsche Bank after post-graduate studies in International Business & Comparative Culture at Sophia University in Tokyo. He helped found Deutsche’s telecommunications advisory and financing practice in Asia, and was later a member of the team which worked on the bank’s acquisition of Bankers Trust in the United States.

From 2001 to 2004, he was Head of Global Banking, responsible for Corporate Banking & Structured Finance, with operations in more than 60 countries. During the next two years, he contributed to the very successful build-up of the bank’s Structured Credit Trading and Global Principal Finance businesses in the Global Markets division.

“Ashok has had an extraordinary career,” said Abraaj Chief Executive Officer Arif Naqvi. “We are very proud that he has joined us. Working closely with Managing Director Mustafa Abdel-Wadood and the rest of the Abraaj team, Ashok will make a valuable contribution to how we benefit from the credible opportunities in our region for our investors.”

Aram has worked closely with Abraaj for several years. In 2004, he joined the board of Abraaj, representing Deutsche’s shareholding in the company, and, as such, was intimately involved with several Abraaj acquisitions.

He serves on the board of a number of companies in the United States and India, and is a trustee of Shanti Ashram, a development foundation in Coimbatore, India.

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