Shuaa Capital Chief Executive Officer Iyad Duwaji Resigns

Shuaa Capital PSC, the United Arab Emirates’ biggest investment bank, said its Chief Executive Officer Iyad Duwaji resigned.

"My decision to leave is a personal one," Duwaji said. He added he would return to the buy-side and set up an independent private equity platform.

Duwaji will remain as CEO until a successor is appointed, the company said in an e-mailed statement today.