Dubai Holding

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  • Sameer Al Ansari, Dubai International Capital ‎
  • A report from 2007 notes: "Dubai International Capital on Thursday appointed the former heads of Sony, BMW and the boss of GlaxoSmithKline to the advisory board of its global strategic equities fund, which buys stakes in big listed companies. The calibre of the appointments underlines the far-reaching ambitions of the Gulf investment fund, which is owned by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. The move also reflects DIC’s desire to gain legitimacy in global markets. DIC said Nobuyuki Idei, the former chief executive of Sony, would join the advisory board of its global strategic equities fund, just three days after it unveiled a “significant investment” in the Japanese consumer electronics maker. Helmut Panke, former chief executive of BMW, the German carmaker, will also join with immediate effect, while Jean-Pierre Garnier will join when he steps down as head of GlaxoSmithKline, the UK pharmaceutical group, in May 2008...The board of DIC already has an impressive array of non-executive directors, such as Peter Bonfield, former chief executive of British Telecom, and Victor Chu, the executive chairman of First Eastern Investment Group, the Chinese investment fund." [2]