Directorate Change
December 29 2009 - 4:32AM
UK Regulatory
TIDMSCAP
RNS Number : 7587E
Shariah Capital, Inc
29 December 2009
Regulatory Announcement
Company Shariah Capital, Inc.
TIDM SCAP
Headline Appointment of Director
Released 29 December 2009
Shariah Capital Announces Board Changes
Shariah Capital announces the appointment of Malcolm Wall Morris, 38, as a
non-executive director. Mr. Wall Morris replaces Board Member Dr. David
Rutledge who has stepped down from the board with effect from today.
Mr. Wall Morris is the new Chief Executive Officer of the Dubai Multi
Commodities Centre (DMCC). He replaces Dr. Rutledge who recently retired from
the DMCC following six years at DMCC and decades in the international
commodities, financial and derivatives markets.
Before becoming CEO of the DMCC, Mr. Wall Morris, a commodity and derivatives
expert, was the CEO of DGCX, the Dubai Gold & Commodities Exchange. Prior to
DGCX, Mr. Wall Morris was the Head of Business Development, Commodity Products,
at LIFFE, the derivatives business of NYSE Euronext where he was responsible for
the marketing and development of existing and new futures and options contracts
forming LIFFE's commodity product portfolio. At DGCX, which is 51% owned by
DMCC, Mr. Wall Morris led the exchange into the next stage in its strategic
growth, consolidating its position as the leading derivatives exchange and
preferred platform for executing commodities and currencies business in the
Middle East.
Shariah Capital also announces the appointment of Steven J. Adelkoff, 47, as the
Company's Chief Financial Officer and General Counsel. Mr. Adelkoff also will
serve as the Company's Corporate Secretary. He previously served as Shariah
Capital's outside legal counsel, supervising all legal, tax, accounting and
documentation issues relating to the Al Safi Trust platform, while a partner at
K&L Gates, an international law firm he joined in 1988. For over two decades,
Mr. Adelkoff has worked in all aspects of the alternative investment industry,
most recently in the formation and operation of global investment funds. He
earned his Juris Doctorate from the University Of Pittsburgh School Of Law, his
Master of Business Administration from Cornell University - The Johnson School
of Management, and his Bachelor of Arts degree from Rutgers University.
Other than as disclosed below, there is no further information required to be
disclosed under Schedule 2 (g) of the AIM Rules.
Current Directorships
Malcolm Wall Morris
* Dubai Cotton Centre DMCCC
* Dubai Commodity Asset Management DMCC
* Concordia DMCC
* Dubai Shariah Asset Management DMCC
* Dubai Gold Investments DMCC
* Dubai Diamond Exchange DMCC
* Dubai Gold & Commodities Exchange DMCC
* Global Investment Solutions DMCC
* LNG DMCC
* Dubai Oil Storage DMCC
* Dubai Gems Club DMCC
* International Diamond Laboratories DMCC
* Dubai Tea Processing Company DMCC
* Time Zone Business Park DMCC
* Dubai Pearl Exchange DMCC
* Gundlach Packaging DMCC
* Dubai Tea Trading Centre DMCC
* DSAM Kauthar Gold Fund, Ltd.
* DSAM Kauthar Energy Fund, Ltd.
* DSAM Kauthar Natural Resources Fund, Ltd.
* DSAM Kauthar Global Resources & Mining Fund, Ltd.
* DSAM Kauthar Commodity Fund, Ltd.
Previous Directorships
Malcolm Wall Morris
* Coffee Trade Federation, UK (2000/2001)
Enquiries:
Eric Meyer
Chairman & Chief Executive Officer
Shariah Capital, Inc.
Telephone: +1 203-972-0331
emeyer@shariahcap.com
Martin Smith
Investec Investment Banking
Telephone+44 20 7597 5177
Martin.smith@investec.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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