TNI gets new chief executive officer

DUBAI — National Investor (TNI), one of the UAE's leading investment and merchant banking firms, has announced the appointment of a new chief executive officer (CEO) as the sitting CEO Dr Karim El Solh will step down in September and pursue a new entrepreneurial venture.



By A Staff Reporter

Published: Wed 29 Jun 2005, 10:21 AM

Last updated: Thu 2 Apr 2015, 2:49 PM

Orhan Osmansoy, a veteran investment banker with deep experience at both Morgan Stanley and Whitney Group, will be new CEO and assume his office in September.

Abdullah Al Mazrui, chairman of TNI, said: "Under Dr El Solh's leadership, TNI's total assets grew by 484 per cent and total equity by 587 per cent. Moreover, return on equity last year was a remarkable 51 per cent and profits were up by 721 per cent."

In the last three years, TNI has conducted over Dh6 billion worth of equity offerings, earning it the top spot in IPOs in the UAE. The strong performance during Dr El Solh's tenure is reflected in the substantial surge of the company's share price, up by 713 per cent since April 2002.


More news from Business
In-store shopping regains trust

Business

In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business4 days ago