Egypt: CI Capital announces Karim Badr as private equity CEO
The Egyptian financial services group seeks to expand its presence in non-traditional asset classes.
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CI Capital PE for Fund Management and Investment (CIPE), a subsidiary of CI Capital Holding, has appointed Karim Badr as its chief executive. The move forms part of the Egyptian financial services group’s effort to expand its presence in non-traditional asset classes, including private equity and closed-ended fund management.
“The appointment of Karim Badr as CEO, private equity marks a natural progression in CI Capital’s growth journey and a pivotal step in expanding our presence in the region’s private markets. CI Capital boasts one of the most diversified financial services platforms in Egypt, and we remain committed to strengthening our local and regional footprint while continuing to diversify our business model to meet the needs of a broader investor base,” commented Hesham Gohar, CEO of CI Capital Group.
“I’m delighted to join CI Capital at this pivotal stage of its expansion journey. The group has an outstanding track record in financial and investment services, and I look forward to working with the distinguished team to further strengthen the company’s position in its fund management and private equity businesses,” commented Badr.
Before joining CI Capital, Badr was chief executive of the Utilities and Infrastructure Sub-fund at the Sovereign Fund of Egypt, where he oversaw investments in sustainable energy, power, water, transport and logistics, and digital infrastructure.
He previously held senior roles including regional capital markets leader at GE Power in the UAE, covering the Middle East and South Asia. He also served as a managing director at Qalaa Holdings, the African investment group with a diversified portfolio of assets.
Badr holds a bachelor’s degree in construction engineering from the American University in Cairo and an executive MBA jointly awarded by Columbia Business School and London Business School.
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