Board of Directors
Founder & Chairman
Board Member & Independent Director
Board Member & Independent Director
Shehab Gargash is a member of Dubai’s Gargash family, one of the leading business families in the UAE. The family has been actively involved in various businesses since 1918 with multiple interests that include automobile, real estate and investments.
In 2016, Mr. Gargash oversaw the closing of a 9-year project to consolidate the family business, thereby creating a launch platform for the business as it enters its second century. Mr. Gargash is the Managing Director & Group CEO of the Gargash Group.
Mr. Gargash is also the Founding Chairman of Daman Investments, a non-banking financial services company based in Dubai in the United Arab Emirates since 1998.
Prior to establishing Daman, Mr. Gargash enjoyed a successful 12-year banking career in the UAE, initially with Citibank and later with Emirates Bank International (now Emirates NBD).
Mr. Gargash serves as a Director on several regional boards. Mr. Gargash was a Board Member of the Commercial Bank of Dubai in the UAE (2011 – 2018) and also served as a Board member of Burj Bank in Pakistan (2006 – 2016). He currently also serves as a Board member of the Coutts & Co. Middle East Advisory Board, the Dubai Chamber of Commerce and Industry and the UAE-UK Business Council.
Mr. Gargash is a frequent public speaker and a commentator on regional socio-economic issues and trends. He wrote a popular daily column in the UAE’s Al Ittihad newspaper from 1997 to 2008. Mr. Gargash is also an enthusiastic art collector and has established the Daman Middle East Art Fund which invests in Middle Eastern contemporary art and supports regional artists.
Born in 1966, Mr. Gargash is married with four children. He holds an MBA and a BBA, both from the George Washington University in Washington, DC, USA.
HE Hamad has been a board director of Daman Investments since its establishment in 2003. He holds several executive positions at companies in the UAE, and serves as a board member at a number of prominent investment, finance, real estate and trading institutions across the region. These companies include Amanat, Reem Developers, Arab Investment Bank, Al Ramz Corporation, DBZ, Ward Holdings and other notable institutions. HE Hamad also serves as Chairman and Board Member of several government and private institutions including leading investment firms.
HE Hamad is currently the Managing Director of His Highness Sheikh Dheyab Bin Zayed Al Nahyan’s Office and His Highness Sheikh Nayhan Bin Zayed Al Nahyan’s Office, positions he has held since 2000. He is also the Executive Director of Ministry of Presidential Affairs.
HE Ahmed started his career at the Presidential Court in Abu Dhabi as the General Manager for the Finance and Administration Division, where he ultimately achieved the rank of Under Secretary.
HE Ahmed played a vital role in the development of the water and power sector in Abu Dhabi, and was instrumental in the structure and planning of the newly established Abu Dhabi Water and Electricity Authority (ADWEA). Since the establishment of ADWEA in January 1999 until he left in 2010, he was involved in managing and directing ADWEA’s business through his post as Chairman’s Office Managing Director. He served as Chairman of Abu Dhabi Water and Electricity Company (ADWEC), the Managing Director of Abu Dhabi Power Company (ADPC), and the Deputy Chairman of the Board of Directors for Abu Dhabi National Energy Company (TAQA). HE Ahmed served as a board member in several local and international reputable companies such as the US-based electrical car manufacturing company TESLA, and is still an active Board Member / Chairman for several other well-known regional and national companies.
H.E. Mr. Humaid Al Qutami is a government & corporate leader, with a comprehensive understanding of UAE business market and environment. He has been leading some major governmental projects and business in different sectors. He served at UAE national level as the former UAE Minister of Health & then Minister of Education, and served as the Chairman of the UAE Federal Authority for Government Human Resources. He is the Director General of Dubai Health Authority, and a member of the Executive Council of Government of Dubai. He serves as the chairman and member of many other Dubai Government’s institutions and corporations.
Mr. Humaid holds a Master Degree in Administration from Western Michigan University in U.S.A in 1985. He is having an extended experience in leading and serving the banking & financial industry in UAE. He served as the former General Manager of Emirates Institute for Banking and Financial Studies. Throughout his career, Mr. Humaid has heavily been involving in managing and leading several national and commercial banks. Mr. Humaid is the Chairman of the Commercial Bank of Dubai. His knowledgeable engagement was mainly in the fields of human capital development, enhancing revenue diversification, boosting new areas of investment, and utilization of strategic planning for growth and sustainability.
The diversified experience, from banking, education, health, and training, qualifies Mr. Humaid to contribute a lot to the development of both public and private sectors in UAE. He has contributed a lot to the development of Higher Education institutions in UAE. He also played a significant role in the UAE voluntary movement, as a founder, Chairman and board member of many societies and associations.
Following his brilliant officer training at the Royal Military Academy Sandhurst Great Britain. Mr Samir Gargash returned to the Gargash Family Business that had its humble beginnings on the Southern Shores of The Arabian Gulf – Dubai.
After holding multiple positions at the Gargash Group, Mr Samir Gargash is currently the Chairman of Gargash Group.
His vision and philosophy of customer centricity has placed The Gargash Group as a major player in the Automative Business in the GCC region.
Mr Samir Gargash is actively involved in a number of philanthropic endeavors in the UAE. He is also an investor in several industries in the Middle East and Europe.
Mohammed Abdulrahman Al Jallaf has served on the board of directors at Daman Investments since 2017, where he is also Chairman of the Audit and Risk Committee. After working 16 years for Emirates Bank, where he helped introduce many ‘firsts’ for the banking sector in the UAE and the region related to digital and internet banking, Mohammed now focuses his time diversifying and growing the private family business.
Mohammed has served on the boards of several notable companies in Dubai in finance, banking and real estate including Dubai Properties, Dubai Bank, Dubai Chamber of Commerce and Industry, National General Insurance, Commercial Bank of Dubai and Dubai Investments Park.
Abdulla Qassem is one of the UAE’s most prominent and visionary business leaders. Abdulla is currently serving as Emirates NBD Group Chief Operating Officer. He was previously the Chairman of Network International; the UAE’s leading payments organization. He is currently the Chairman of Tanfeeth, a fully-owned subsidiary of the Emirates NBD Group, focusing on world-class shared services delivery. Abdulla’s other executive responsibilities include Chairman of Emirates NBD Properties, Vice-Chairman of the Emirates NBD EXCO and Board Member of Emirates NBD Egypt.
Outside the Emirates NBD Group, Abdulla is a Board member of D-Clear Europe Ltd, Smart Stream Technology Group PLC. He is also a Board Member of Numbrs, UAE Banks Federation, Global Tech, Advisory Board MasterCard and Daman Investments PSC.
Abdulla commenced his professional career at Emirates Bank in 1988. In just eight years, he rose to become General Manager, IT Operations and Administration. Since then, has become recognized both regionally and internationally for his business acumen, leadership skills and commitment to driving UAE innovation.
Majid Bin Dalmook has had a diverse parallel career that began in 2002 mainly focusing on entrepreneurial activities and investment banking.
Throughout his entrepreneurial career he has advised, managed and invested in various sectors including launching start-ups. Majid has regularly been an active member of company boards and strategic investment committees.
His banking career was mainly with two top tier global banks which led to the opportunity to work on several of the largest transactions in the region across various scopes of fund raising, M&A and public listings.
Chief Executive Officer
Managing Director, Wealth Management
Head of Asset Management
Head of Investments & Advisory
General Manager, Daman Securities
Head of Operations
Chief Information Officer
Chief Human Resources Officer
Chief Legal Officer & General Counsel
Head of Brand Communications
Head of Strategic Planning & PMO
Compliance & Risk Officer
With nearly three decades of international banking industry experience, Mr. Khan took over the reins as the CEO at Daman Investments in 2016, with a mandate to reengineer the business. Under his leadership, the company has increased its footprint in new areas and won several mandates for large M&A and investment banking projects.
Prior to joining Daman Investments, Mr. Khan was Chief Executive Officer and President at Burj Bank Limited since November 2011. Before that, Mr. Khan held positions as Chief Operating Officer and Director Coverage, Partnerships and Syndication at Islamic Corporation for Development of the Private Sector in Jeddah, Chief Executive of Emerging Markets of Global Retail and Commercial Banking at Barclays Bank of Kenya and Chief Executive Barclays Bank PLC, UAE.
Nabil has over 15 years of management experience in the capital markets business in the MENA region. His experience includes managing robust relationships, leading sales and trading activities of the Capital Markets for institutions and HNWI.
Prior to joining Daman Investments as a Managing Director – Wealth Management in 2018, Nabil was the Managing Director of Menacorp since 2012, helping the firm achieve the top position by trading value on Dubai Financial Market for four consecutive years. Prior to that he was working in the capacity of Director Regional Brokerage at Rasmala Investment Bank where he was responsible for the MENA trading platform along with the UAE based entity, Rasmala Financial Brokerage. Nabil also served as a member of the product development work group on Bahrain Financial Exchange.
Nabil holds a GMP from Harvard Business School, an MBA from Southern New Hampshire University and a BSc in Finance & Banking from Amman University.
Ali El Adou is a seasoned fund manager with more than 14 years of experience in the Middle East and North Africa equity markets. As Head of Asset Management at Daman Investments, Ali brings with him a proven track record in managing regional long-only and absolute-return strategies. Ali holds an MBA from Duke University and Bachelors of Science in Business Administration from the Lebanese American University.
Prior to joining Daman, Ali was Portfolio Manager and Senior Vice President, Asset Management at The National Investor (TNI), where he managed funds and discretionary accounts focusing on the MENA region for over 12 years. At TNI, Ali started as a research analyst on companies in the GCC. Prior to TNI, Ali was an Investment Advisor at the Arab Finance Corporation in Lebanon where he provided advisory and trading services to clients.
Mahyar Ghassemi joined Daman Investments in 2019 to head the investments and advisory functions. He brings over 19 years of experience in private equity and corporate finance.
Mahyar was a Managing Director in the investment team at Abraaj having re-joined in 2016. Prior to this, Mahyar was the Chief Investment Officer at the ETA Group of Companies, a conglomerate based in the United Arab Emirates and involved in different sectors where he was managing a portfolio of public and private equity investments. Before ETA Group, Mahyar spent 10 years at Abraaj in the investment team.
Mahyar is a CFA charter holder, and a member of the CFA institute. He received his MBA from the Schulich School of Business at York University, Canada.
Ahmed Waheed is a seasoned business leader with over 15 years’ experience in financial markets and equity brokerage. He has extensive experience covering different products within the MENA and GCC region.
To Daman, Ahmed brings his expertise in setting up new business lines and diversifying revenue streams through different asset classes. Prior to Daman, Ahmed was most recently Head Institutional Coverage at Menacorp, where he initiated, developed and executed new product lines, including launching Menacorp’s business in the Saudi Arabia market. Ahmed started at Menacorp as VP of its Institutional Trading Desk in Dubai. Before Menacorp, Ahmed worked in senior roles with leading MENA brokerage houses including Raddah Investment, Naeem Holding, CI Capital and Dynamic Securities Trading.
Ahmed received his MBA from Hult International Business School, Dubai and has a BA in Economics from Cairo University. Ahmed is CISI certified.
Ahmed Seif EL Din has been with Daman since 2009 to lead the brokerage operations as Head of Operations Division for Daman Securities till 2015 and Head of the Brokerage till July 2019.
Ahmed Seif is now leading Daman Investments Operations as (Head Operations) with his practical experience that exceeds 17 years with some of the top ten brokerage houses in Egypt and the GCC region. He obtained a bachelor’s degree in commerce – Accounting from Ain Shams University in Cairo, a bachelor’s degree in technical analysis from Trend University, also certified in Operations Management from Chartered Institute for Securities & Investment, UK.
Tariq Nakhooda joined Daman Investments in 2019, bringing with him over 20 years of international experience working with top tier financial services and asset management firms.
Prior to joining Daman Investments, Tariq was the Interim CFO at Abraaj, working alongside the new management, and thereafter the provisional liquidators, to ensure continuity of business operations and eventually for the firm’s funds to find a new home. In his decade old stint at Abraaj, he was earlier in the Corporate Affairs team and then transitioned as the Regional Financial Controller for South-East Asia, based out of Singapore and Mumbai, and was subsequently given additional responsibility for South Asia. Prior to Abraaj, Tariq was a member of the Principal Investments team at SHUAA Capital Psc. He rotated across various positions over the last two decades including finance, fund administration, tax and compliance, and has held positions in Dubai, India and Singapore. Tariq also led the establishment, licensing and operational efforts of Wallich & Matthes (Dubai) Limited and Prebon Yamane (India) Limited, leading brokerage houses worldwide.
Tariq is a Commerce graduate from Bombay University and a qualified Chartered Accountant.
Faisal Ali joined Daman Investments in 2018. Faisal has over 20 years of experience in government and private organizations, where he has set up start-up government agencies and managed large-scale IT infrastructure projects.
Prior to joining Gargash, Faisal was Group Head of IT at Deyaar Development where he led the digital transformation of the group. In this role, he was named among the Top 100 CIO’s in the Middle East in 2018. He was also CEO at Sharaf Computers and Software Trading, and CIO at Sharaf Retail where he transformed various IT departments under a unified strategy. Prior to Sharaf, Faisal was the IT Director for Tanmia.
Aisha Al Shareef joined Daman Investments in 2018, In her role, she is responsible for shaping and implementation of the human capital governance framework, strategy, policy, processes and tools.
Aisha brings over 17 years of experience in human resources and professional development.
Prior to joining Daman Investments, Aisha was Chief Administrative Officer at Amanat Holdings, where she focused on the performance of each department, the culture and day-to-day operations. Before Amanat, Aisha was Executive Director, Talent and Organizational Development for Dubai Holding where she was responsible for developing L&D strategies, performance management, succession planning and training.
Aisha is a recognized expert on human resource concerns and has spoken on panels around the world on a wide range of topics including Emiratization, succession planning, enabling human capital to achieve its potential.
Aisha holds a Master of Science in Project Management from British University in Dubai in association with The University of Manchester in UK.
Owen Waft joined Daman Investments as Chief Legal Officer and General Counsel in 2018. An accomplished and trusted senior financial services, transactional and corporate lawyer with over 25 years’ experience in regulation, funds, commercial agreements, joint ventures , capital markets transactions, corporate governance and compliance.
Prior to joining Daman, Owen was the Senior Middle East Corporate/Transactional Partner for K & L Gates where he established their Middle East Corporate practice. Owen has worked on projects in UAE, Oman, Kuwait, Saudi Arabia, USA, Japan, Singapore, Hong Kong, and London. In addition to the financial services sector, his legal expertise includes automotive, real estate, technology and natural resources.
Owen holds an LLB Honours Degree. He is a member of the Law Society and is admitted to the Roll of Solicitors of England and Wales.
Raef Roz is a respected marketing and communication specialist with a professional career in advertising, marketing and brand management spanning over 15 years. During his career, Raef has provided marketing and communication counseling, and created communication campaigns for a broad range of sectors including government, services, tourism, banking and finance.
As Head of Brand Communications at Daman Investments, Raef leads the team to develop communication strategies that help advance the company’s mission to excel as a leading Arab financial services company. Raef has oversight for brand marketing, advertising, media relations, financial communications and website. Before joining Daman, Raef worked at Middle East Communications and BPG Bates.
Raef received his Bachelor’s degree from Lebanese American University.
Walid Hizaoui joined Daman Investments in 2018. Currently the Head of Strategic Planning and PMO, he is responsible for planning and implementing turnaround strategies in companies. Working in collaboration with senior management he develops strategy and goals that are clearly defined and capable of being cascaded across organizations.
Walid also leads on our Corporate Innovation Lab initiative, which he is developing to deliver innovative solutions for deployment across multiple sectors. Before joining Daman Investments, Walid was Senior Strategy Consultant at Swicorp (Previously Numu Consulting) where he worked with Governments, international organizations and private sector companies , including banking and hospitality, and most notably the World Bank and IFC. He holds a Master’s Degree in Quantitative Finance from Peking University, China and a Bachelors degree from HEC. He was also Fulbright finalist and SUSI participant at the University of Connecticut.
Ahmed has enjoyed a successful career spanning almost 20 years as a financial services professional recognised by the Chartered Institute for Securities & Investments (CISI) as a Certified Internal Controller his role at Daman Investments as Compliance & Risk Officer sees him oversee the compliance and Internal audit functions. In addition, he supervises policy enforcement, ensuring all departments comply fully with the necessary rules and regulations. He has responsibility for the organisation’s full audit cycle, including risk and control management relating to operational effectiveness, financial reliability and compliance.
He has an economics degree from one of Egypt’s most prestigious universities and prior to taking up a senior role with Daman Investments worked as Compliance and Risk Officer at a leading Middle Eastern brokerage.