SICO Wealth Appointed Ahmed Burashid as CEO
The firm has tapped a veteran executive to lead its upcoming expansion into the Abu Dhabi Global Market.
Updated on Sept. 21, 2026 in People
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SICO Wealth has appointed Ahmed Burashid as its new chief executive officer to spearhead operations. The firm, a subsidiary of the Bahrain-based SICO, is currently preparing for a market launch at the Abu Dhabi Global Market.
Why it matters
The leadership appointment aims to address increasing demand from high-net-worth clients and family offices seeking cross-border investment solutions. This move strengthens the firm's strategic focus on the United Arab Emirates wealth management sector.
CEO Ahmed Burashid brings 20 years of GCC banking and investment experience, including 11 years of service at Kuwait Finance House-Bahrain. The parent firm, SICO, maintains a 30-year institutional track record.
The players
Ahmed Burashid
He is the newly appointed CEO of SICO Wealth who previously served as the Head of Corporate Banking, Investments, and Debt Capital Markets at Khaleeji Bank.
SICO Wealth
This is a subsidiary of Bahrain-based SICO that offers multi-asset investment advisory and Sharia-compliant financial solutions.
Financial Services Regulatory Authority
This is the regulatory body responsible for overseeing the market operations and granting approval for new financial services firms at the Abu Dhabi Global Market.
The details
SICO Wealth provides conventional and Sharia-compliant multi-asset solutions alongside investment advisory services. The firm is currently navigating regulatory readiness processes to ensure compliance with Financial Services Regulatory Authority standards.
Timeline
Before year-end 2026, SICO Wealth plans its ADGM market launch.
Market Landscape
The hiring of a new CEO by SICO Wealth reflects the broader documented trend of regional expansion of GCC financial institutions into the Abu Dhabi Global Market. This expansion follows a pattern set by other regional financial firms scaling operations to capture cross-border wealth management demand.
Clients seeking investment advisory services can expect the platform to offer both conventional and Sharia-compliant multi-asset solutions once operations commence. The expansion is designed to provide high-net-worth individuals with better access to cross-border financial tools.
The takeaway
The appointment of an experienced executive indicates a focus on leveraging deep regional banking knowledge to build institutional trust. Prospective clients should monitor the firm's progress regarding regulatory approval before the scheduled year-end launch.
Further reading
For more information on executive leadership moves, visit our People section.
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