Abraaj founder steps back as part of governance review
Arif Naqvi, founder of The Abraaj Group, has stepped back from the fund management business as part of changes to the firm’s governance and operating model. This comes after LPs expressed concerns that a healthcare fund had been misused.
Omar Lodhi, most recently head of Abraaj’s Asia business, has become co-CEO alongside Selcuk Yorgancioglu. They have replaced Naqvi, who remains CEO of parent company Abraaj Holdings but is now a non-executive...
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