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Istithmar World replaces CEO

21 January 2010

Istithmar World, the private equity firm of Dubai World, has said that it has replaced its CEO, David Jackson with the firm's chief investment officer, Andy Watson, Bloomberg has reported. "Today, Istithmar World is focused on the steady-state management of existing assets to maximize value rather than on private equity investment," Dubai World's Chief Restructuring Officer, Aidan Birkett said in a statement.

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