Hussain Najadi
Encyclopedia
Hussain Najadi is an international banker born in Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...

. He is the Chairman & CEO of AIAK Group,, based in Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...

, Malaysia.

Banking career

Najadi was the first Arab merchant banker to link the Middle East countries to the economies of Malaysia, and other ASEAN member countries since 1974. AIAK Group in 1975 founded the Arab Malaysian Banking Group (AMBG), now a US$ 16 billion Banking Group in Asia, with an initial paid in capital of US$ 2 million only. AMBG soon became the largest Bank in Malaysia, now renamed as AMBANK.

Najadi was appointed from 1978 to 1985 by the Governor of the Central Bank of Malaysia as non-executive independent director of the Malaysian Industrial Development Finance Berhad. MIDF is an industrial and merchant bank in Malaysia.

Diversification of activities

Najadi acquired in 1968 from UBS Group, Supramar AG of Lucerne, Switzerland
Lucerne
Lucerne is a city in north-central Switzerland, in the German-speaking portion of that country. Lucerne is the capital of the Canton of Lucerne and the capital of the district of the same name. With a population of about 76,200 people, Lucerne is the most populous city in Central Switzerland, and...

. The company was the world inventor of Hydrofoil
Hydrofoil
A hydrofoil is a foil which operates in water. They are similar in appearance and purpose to airfoils.Hydrofoils can be artificial, such as the rudder or keel on a boat, the diving planes on a submarine, a surfboard fin, or occur naturally, as with fish fins, the flippers of aquatic mammals, the...

s with licensees spanning Europe, USA and Asia. He expanded its operations world wide and established over 200 hydrofoil lines spanning five continents

Najadi is the Chairman of Free2move Scientific, a joint venture firm with Free2move AB, of Sweden, in the field of RFID and sensor networks.

Education

Najadi is also the founder and former Director of EURO-ASIAN CENTER at INSEAD
INSEAD
INSEAD is an international graduate business school and research institution. It has campuses in Europe , Asia , and the Middle East , as well as a research center in Israel...

, Fontainebleau, France (1977–85). Najadi was a visiting lecturer in Business Management in Asia, founded with 50 multinational firms, such as Mitsubishi
Mitsubishi
The Mitsubishi Group , Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese multinational conglomerate company that consists of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy...

, Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

, Shell Oil, Cathy Pacific, SGV Group, Manila, AMBG, Sime Darby
Sime Darby
Sime Darby is Malaysia's leading multinational conglomerate involved in five core sectors: plantations, property, industrial, motors and energy & utilities, with a growing presence in healthcare...

, and Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

 of France.

Najadi was the first Chairman of developing countries gathering at Davos Economic Symposium (now known as World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....

), in Davos, Switzerland.
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