Shehab Mohamed Gargash
Shehab Gargash is the founder and Managing Director of Daman, a non-bank financial services company based in his home town of Dubai in the United Arab Emirates.
Established in 1998, Daman Securities began as a small brokerage company with a conviction that the financial services industry in the UAE will inevitably evolve and prosper in the Emirates, one of the Middle East’s most dynamic economies. The Company expanded and reorganized in 2006 as Daman Investments, a private joint stock company, offering brokerage, asset management, venture capital and advisory services throughout the GCC and the broader region. Today, Daman is considered one of the most respected private sector companies in its field and has returned an impressive 35% annualized IRR to its original group of investors in its first 15 years.
Prior to establishing Daman, Mr. Gargash enjoyed a successful 12-year banking career in the UAE, initially with Citibank and later on with Emirates Bank International (now Emirates NBD).
Mr. Gargash serves as a Director on several regional boards. Mr. Gargash is Vice-Chairman of Burj Bank in Pakistan. He also serves as a Board Member of the Commercial Bank of Dubai in the UAE. Mr. Gargash is a member at the Coutts & Co. Middle East Advisory Board and is a Board Member of the Dubai Chamber of Commerce and Industry and the Awqaf & Minors Affairs Foundation.
Mr. Gargash is a member of Dubai’s Gargash family, one of the leading business families in the UAE actively in business since 1918 with multiple interests including real estate, investments and automobiles. In this capacity, Mr. Gargash enjoys executive as well as supervisory roles at Gargash Enterprises. As the General Distributor for Mercedes Benz in Dubai and the Northern Emirates since 1957, the Gargash name has inevitably become synonymous with the Mercedes-Benz brand in Dubai.
Mr. Gargash is a frequent public speaker and a commentator on regional socio-economic issues and trends. He wrote a popular daily column in the UAE’s Al Ittihad and Al Bayan newspapers from 1997 to 2008. Mr. Gargash is also an enthusiastic art collector and has established the Daman Middle East Art Fund which invests in Middle Eastern contemporary art and supports regional artists.
Born in 1966, Mr. Gargash is married with four children. He holds an MBA and a BBA, both from the George Washington University in Washington, DC, USA.