Investcorp names CFO

A shake-up in senior management was felt at the Bahrain-based private equity firm. 

Investcorp welcomed back Tony Robinson to its ranks as chief financial officer.

Robinson was with the Bahrain-based alternatives firm for 14 years until 2008, when he left to manage the finance and treasury functions of the kingdom’s $11 billion sovereign wealth fund Mumtalakat.

His arrival is part of a change in senior management for Investcorp. Robinson’s predecessor, Rishi Kapoor, will become co-chief executive alongside Mohammed al-Shroogi, who currently oversees the firm’s activities in the Gulf region.

The pair will replace Nemir Kirdar, the firm’s head since inception in 1982, who is transitioning from chief executive to chairman of Investcorp’s board of directors this week.

“We are pleased with Tony’s decision to rejoin Investcorp as chief financial officer,” Kirdar said in a statement. “His deep knowledge of the firm will ensure a smooth transition of leadership. At the same time, [Robinson] will bring a fresh perspective based on the experience he gained from working with a large sovereign investment institution.”