Al Mal Capital appoints top executives to drive business growth, expansion

Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has announced the appointment of top executives to drive its business growth and expand its portfolio across existing and new sectors and geographies.

The Company has appointed Sanjay Vig as Managing Director – Corporate Advisory & Direct Investments and Charles Monchau as Head of Investment Management.

In his comments, Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital, said: “Al Mal Capital envisions higher growth in the MENA region over the coming five years. In supporting this growth, we have welcomed to our team high calibre executives to ensure our plans are executed. We are excited with the appointment of Sanjay Vig and Charles Monchau and we believe they will be an exceptional value addition to Al Mal Capital’s team and clients. They are well respected in our industry and we anticipate to benefit from their expertise and relationships in the region as Al Mal Capital continues on its growth path.”

Prior to joining Al Mal, Sanjay Vig was the Managing Director, Alpen Capital [ME] Limited, located in Dubai with offices across the GCC & India for the last 11 years.  He has also served as Senior Vice President and Head of Capital Markets at Emirates Bank Group. During his past 15 years’ tenure in the Middle East, he has lead-managed mandates of over USD 16 billion in the areas of debt and equity capitals markets and project finance in GCC/ India. These cover conventional debt / Islamic finance advisory, M&A, JVs, divestments and private equity in Middle East / South Asia.

Sanjay Vig is an economics / finance professional, with over 30 years of corporate / investment banking experience in India, UAE and the Middle East. An Order of Merit Holder of Indian Institute of Bankers, he has also undergone executive education programmes in US and Europe.  

Charles Monchau brings more than 20 years of experience in international multi-asset investing. Before moving to the UAE, Charles was heading the Asset Allocation Team for Europe and Middle East at Deutsche Bank (2014-2016). Based in Geneva, he was in charge of a team of 25 portfolio managers running around USD 10 billion in discretionary mandates.

Prior to Deutsche Bank, Charles was Regional CIO for EFG Private Bank (2010-2013) and held various senior portfolio management and buy-side research roles at Rothschild Bank AG in Zurich (2009-2010), Lombard Odier in Paris and Geneva (2001-2009) and BNP Paribas in Geneva and Nassau (1995-2001). Charles was also an adjunct professor in Finance at International University of Geneva. He has an Executive MBA from Instituto di Empresa (Madrid & Shanghai) and MSc in Finance (University of Geneva). He is also a CFA, CMT, CAIA and CIIA Charter holder.