SICO appoints Ali Marshad as Group Deputy Chief Executive Officer

This is a newly created post for spearheading Buyside Business, and Marshad’s appointment has been approved by the Central Bank of Bahrain. Announcing the appointment, SICO posted, “We’re proud to announce the appointment of Ali Marshad as Group Deputy CEO. With over 19 years of experience in asset management, investments, treasury, and brokerage, Ali has been a driving force at SICO since 2008. In his new role, he will help lead our growth strategy and strengthen client engagement across the GCC.” 

Marshad has been serving SICO for over 17 years, most recently as Group Head of Fixed Income Asset Management. He also currently serves as a board member of SICO Capital in Saudi Arabia. Prior to joining SICO, he worked with Mercer and UBS, beginning his career as an analyst in the financial services sector. 

Welcoming Marshad to his new role, Najla Al Shirawi, Group CEO of SICO, said, “Ali has consistently demonstrated strong leadership and professional excellence throughout his career, and we are proud of his many achievements over the years. His appointment as Group Deputy Chief Executive Officer for Buyside Business reflects our deep confidence in his ability to further support SICO’s strategy and drive continued growth across the region.” 

Marshad added, “I am honored by the trust placed in me to take on this expanded role. SICO has a long and successful history of leadership in capital markets and I am incredibly proud of what our team has accomplished. I look forward to contributing to our collective vision and building upon our leadership position to deliver exceptional value to our clients and shareholders.” 

On the academic front, Marshad is a qualified Chartered Financial Analyst (CFA) and also holds a Bachelor of Science (Honours) in Banking, Finance, and Management from Loughborough University, UK.