Invest AD has announced the appointment of Faras Al Ramahi as the company's new Chief Executive Officer, effective immediately.

Al Ramahi joins Invest AD from Masdar, Abu Dhabi Future Energy Company, where he has been Advisor to the Chairman since January 2014.

Al Ramahi has extensive experience in asset management, corporate finance and investment banking from a career spanning 21 years.

Prior to his time at Masdar, he was the CFO for Farmers Service Center, a government initiative designed to commercialize Abu Dhabi's agriculture sector.

He has previously held the role of Executive Vice President at CAPM investments, a local investment advisory boutique providing advisory on listed and private equity, real estate and financial restructuring; Managing Director of the National Financial Brokerage Company; Head of the Listed Equity Department in Invest AD; and Vice President of the Asset Management Division of The National Investor.

Al Ramahi holds a BA in Business Administration from University of Wisconsin, Milwaukee, in the United States.

Mohamed Ali Al Dhaheri, Chairman of Invest AD, said: "As one of Abu Dhabi's leading investment institutions, Invest AD has a very clear mandate to broaden its revenue stream. With Faras Al Ramahi's diverse experience across Abu Dhabi's financial sector through a number of management roles in leading Abu Dhabi corporates, we are confident that Invest AD's growth strategy is in very good hands. We hope to build on our partnerships with co-investors and to extend our local and regional reach for the benefit of our stakeholders."

Established in 1977, Invest AD is an Abu Dhabi-based financial services company, focused on tapping the growth markets of the Middle East and Africa.

Owned by the Abu Dhabi Government, the company benefits from an extensive international network, established over three decades and spanning governments, business leaders and regulators.

The firm offers investors access to listed equity and fixed income opportunities in these regions, blending international best practice with intimate knowledge of the markets, networks and dynamics of each country.

Al Ramahi commented: "I am delighted to have the opportunity to lead one of Abu Dhabi's prominent asset managers. Invest AD has built a strong name as a trusted partner in MENA markets. The next few years look very promising for the regional asset management industry, with high growth potential and greater local and international participation.”

“We are looking into a number of plans in the pipeline to further develop the scope of our business and I look forward to helping Invest AD engage in the next phase of its growth,” he said.