17 February, 2020 - Equiti Capital, the UK subsidiary of Equiti Group, announces the appointment of David Meek as Non-Executive Chairman of the board. Mr Meek will assume his new role after approval from the UK's Financial Conduct Authority (FCA), which is pending.

Mr Meek has decades of experience in the Fixed Income Market, with stints at Chase, NatWest, Bankers Trust, 13 years as MD at Citi, amongst other senior roles. Currently Mr Meek sits on the board of the Public Investment Fund of Saudi Arabia, and Vice Chairman of the Board of NCB Capital, the investment banking and asset management arm of the National Commercial Bank, and which is the largest asset management firm in the Kingdom of Saudi Arabia.

In welcoming Mr Meek, Equiti Group CEO, Iskandar Al Najjar said: "Equiti is honored to appoint Mr. Meek as a Non-Executive Chairman of our subsidiary in the United Kingdom. His global board-level experience will be of great value in helping Equiti to achieve its strategic vision, especially in the Middle East and Saudi Arabia."

Commenting on the new appointment, David Meek said: “I am delighted to be joining Equiti Capital at this exciting time in the company’s development and to lead a board with a client focused mindset, strategic vision and a clear determination to set the benchmark for the sector.”

“The embedded culture throughout the Equiti Group is focused on the highest standards of governance, transparency and innovation, leading to impressive client solutions and outcomes. These foundations provide an excellent base for executing the company’s growth strategy and ensuring clients receive the highest quality services backed by a robust regulatory ethos.”

Mohamed Al-Ahmad, Managing Director: Middle East and Africa, stressed the importance of appointing David Meek, especially in this pivotal stage in which the Kingdom of Saudi Arabia is building a long-term investment vision to take a global position as a host of contemporary and ambitious investments. Equiti has the right infrastructure to consolidate strong and long-term strategic relationships with the Saudi business sector.

Other roles held by Mr. Meek include Non-Executive Director of This Land, a UK real estate company, and charity interests as Chair of Getting on Board, a Trustee and Chair of the Audit and Risk Committee at the British Liver Trust and mentor and advisor at Cambridge University’s Enterprise Program.