Investcorp said that Mohammed Al-Shroogi will join Investcorp as head of its Gulf activities, reporting to the Executive Chairman and CEO. Al-Shroogi headed Citigroup in the Middle East and has more than 32 years experience at that institution. Al-Shroogi will leave Citi in September.
Nemir Kirdar, the Executive Chairman and CEO of Investcorp, said, “Mohammed Al-Shroogi is one of the most experienced bankers in the Gulf, having had an exemplary career running Citigroup across the region. He will bring unparalleled depth of expertise and he will be instrumental in positioning our great firm in this region for the future.”