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Tanveer Awan appointed CEO of Dhabi Group of Companies

  • Awan, former Managing Director with Alvarez &Marsal, brings over 15 years of experience focused on turnarounds and transformations.
Published September 10, 2020

The Dhabi Group of Companies, a parent company of Bank Alfalah Limited, has announced the appointment of Tanveer Awan as its Chief Executive Officer.

Awan, former Managing Director with Alvarez &Marsal, brings over 15 years of experience focused on turnarounds and transformations. Awan has successfully transformed multiple businesses by improving their financial, commercial, and operational performance. Prior to joining Dhabi Group, Awan worked with Alvarez &Marsal, Bain & Company, and Schlumberger in GCC and Europe.

Awan earned a master’s degree in engineering (sivilingeniør) from the Norwegian University of Science and Technology in Trondheim Norway, and an MBA from IMD in Lausanne Switzerland.

Dominique Russo will be departing to address family health issues requiring extensive travel. However, she will continue to assist the Group in ensuring a successful transition. Speaking on the changeover, she commented, “I welcome Tanveer to the group and am confident that his skill set, as well as leadership experience, will be of tremendous value to Dhabi.”

Russo joined the company back in March 2019 and had two decades of investment management, corporate structuring, and nation-level advisory experience to the group.

Comments

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Nazeer Baig Sep 11, 2020 06:10am
In most of the CEO firing cases, there is this personal reason to leave. A decent and fine goodbye to Russo by Sheikh. She had played enough with Shekihs investment portfolio in the last one year. Most of the projects are in problem, either on hold or due returns are not coming, just because of poor decision making. Just a few years ago BAL shares came down to 30s from 60s, a half in loss and same is the case with Wateen Telecom, the company is on a ventilator. Wateen is like a sister left unmarried and its gaining grace with time. A fat big animal that neither lays eggs nor it gives any milk, it only eats to survive and there is no one in the world interested in this kind of venture. A total mess up by Russo. Billions of dollar loss. The most successful telecom merger in Pakistan's history was of Warid/Jazz merger, a win win deal. Jazz didnt pay a single penny to Dhabi Group for the past few months just because of the bad management by Dhabi Group. Then there is a hole in the center of Lahore, a land for Tavuuan Towers, a nightmare project which has no legs and head. Its a very good decision because the Sheikh wants performance and lets hope this new gentleman Tanveer Awan could satisfy Sheikh well in managing its extensive investments portfolio.
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