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Dubai Holding Swaps Ex-Goldman Bankers at $35 Billion Firm

  • Amit Kaushal replaces Edris Alrafi after less than a year
  • Kaushal also previously worked at UBS and Deutsche Bank
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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.