Global real estate investment management firm, Neo Capital appointed Babak Sultani as its chief executive officer on Tuesday, effective immediately.
Sultani previously worked with Investcorp for 15 years and served as managing director of the Real Estate Group at the private equity company. During his tenure, he played a crucial role in growing Investcorp’s real estate assets under management (AUM)to over $10 billion.
Prior to working with Bahrain-based firm, Sultani has held senior positions at Addax Bank, Bahrain Financial Harbour and TAIB Bank.
Sultani’s objective is to expand the firm’s AUM from about $1 billion to $3 billion in medium term and to strengthen Neo Capital’s position in the market. Additionally, he is expected to lead efforts in expanding the firm’s investor base in the GCC region.
Sultani’s extensive experience in the real estate industry, combined with his strategic and leadership skills is expected to be instrumental in leading Neo Capital through its next phase of growth, said Hani Obaid, chairman of the Dubai-based company.
