Nodjoumi, who is very well known within financial circles in both the UAE and the UK, is to hand over the reins of the company to Tarun Khanna and become chairman with immediate effect.
Khanna has been deputy CEO since 2010 and, according to Nodjoumi, has been effectively managing the company for the past couple of years.
As chairman, Nodjoumi will provide input on the geographic expansion of the company and continue to provide high level support.
“I am delighted to announce Tarun’s promotion to Nexus Group CEO,” said Nodjoumi.
“He has already marked himself out as an extremely capable leader, and has played an instrumental role in the company’s many successes over the past few years. I am hugely confident that he will continue to steer the company with both drive and vision as we strive to reach new heights.”
Khanna joined Nexus in 2007 having previously worked within Merrill Lynch’s investment banking division in New York as well as at Morgan Stanley, Lazard Asset Management, Wellington Management and Copper Arch Capital, a New York-based hedge fund.
Click here to read a recent profile of Nexus in which Nodjoumi discusses the company’s expansions plans for the rest of the Gulf region