Dubai Holding LLC appointed Amit Kaushal as chief executive officer, replacing Edris Alrafi, who left the investment firm owned by the emirate’s ruler after less than a year.
Kaushal was previously chief financial officer at the conglomerate that manages about $35 billion of assets, according to an emailed statement. He was also senior vice president of funding and treasury management at property developer Meraas Holding LLC. The statement didn’t provide a reason for Alrafi’s departure.