Four executive directors have been appointed to further strengthen the private equity firm’s management. Pervez Akhtar will be joining the Abraaj investment management team from Allen & Overy, where he was a partner and head of the corporate practice. He has more than 15 years experience in private equity, corporate and corporate finance work.
Hisham Ahmed Ashour joins the portfolio management team at Abraaj Capital. Prior to this, he was a partner and the regional practice leader for Alvarez & Marsal in the Middle East, Africa and Turkey.
He brings with him 19 years international operational performance improvement and turnaround experience spread across Europe and the Middle East across different sectors and industries.
Ashish Dave was a partner with KPMG based in Dubai before joining the finance team at Abraaj. He has more than 11 years of private equity experience advising clients within and outside the region.
Matteo Stefanel brings over 12 years of private equity and investment banking experience to the investment team. Prior to joining Abraaj, Stefanel was with Marfin Investment Group where he was chairman of the recommending investment committee, heading all transaction execution.
Abraaj has also appointed two lawyers from law firm Simpson Thacher & Bartlett’s New York office. Andrew Chvatal has already joined Abraaj while Darius Jannat will be making his move later this month.
Both join as lawyers in an executive role in the company.