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AfrAsia Bank investment management unit names CEO

AfrAsia Capital Management Ltd., the investment management arm of Mauritius-based AfrAsia Bank Ltd., named Bilal Adam CEO.

Adam previously worked on capital markets and investment management at Investec Ltd.

"As AfrAsia Group is set to further reinforce its foothold across the African continent, Bilal and his team will establish strategies to respond to the rising interest of these economies for the diversification of their wealth management and investment aspirations," AfrAsia Capital Management said.