July 1 (Bloomberg) -- Dubai International Capital LLC, the $13 billion buyout company owned by Dubai ruler Sheikh Mohammed Bin Rashid al-Maktoum, hired David Smoot as managing director of private equity from Morgan Stanley.

Smoot, 38, will be based in Dubai and report to Chief Executive Officer of Dubai International Capital Private Equity Sylvain Denis, DIC said in an e-mailed statement today. Smoot spent 11 years at Morgan Stanley, the statement said.

To contact the reporter on this story: Matthew Brown in Dubai at mbrown42@bloomberg.net

Last Updated: July 1, 2008 03:48 EDT