Nemir Kirdar, the founder of Bahrain’s alternative asset management firm Investcorp, has died at age 83.
He set up Investcorp in 1982, which serves high net worth private and institutional clients, working as its chief executive until 2015.
He was chairman up until 2017, when he retired.
Prior to setting up the asset management business, Kirdar was a banker at Chase Manhattan.
Investcorp became known to the global public in 1984 after it acquired jeweller Tiffany & Co, which the firm took public in 1987.
Great sadness
“I am deeply saddened by the loss of Nemir Kirdar, Investcorp’s founder, my predecessor, friend, mentor and a great man of virtues and values,” said Investcorp chairman Mohammed Al Ardhi on Twitter.
“My thoughts at this moment go to his family, his wife Nada and daughters Rena and Serra. May God bless his soul.”
The asset management company put out a statement on social media, as well: “It is with great sadness that Investcorp announces today the passing of its respected and inspiring founder, Nemir Kirdar.
“We at Investcorp are deeply saddened by his death and our thoughts are with his family.”
