Our People

The team at Rasmala is made up of highly experienced individuals with global expertise and local knowledge. The dedication, creativity and intellectual vigour of our people has earned the trust of regional and international investors. Rasmala attracts talented people from all over the world and provides a distinctive culture in which they can thrive and excel. Our team has a demonstrable track record in asset management, private equity, investment banking, strategic management and mergers & acquisitions.

Ruggiero Lomonaco
Director Investment Products
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Ruggiero Lomonaco joined Rasmala in July 2018. At Rasmala, Ruggiero is responsible for the launch of new Investment Products. Ruggiero has over 25 years of experience in the Investment Management industry and specializes in Sharia-compliant products. Prior to joining Rasmala, Ruggiero held senior management positions at HSBC and ABN AMRO. Ruggiero holds a First Class Honors Degree in Economics and Finance and is a Certified Public Accountant in Italy.

Haroon Ahmad
Head of Products & Sales
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Haroon-AhmadHaroon is Head of Products & Sales. He has over 17 years’ experience in the financial services industry across the UK, US and the Middle East with HSBC, HSBC Amanah, Emirates NBD Asset Management and Alinma. He has a broad range of experience covering product, structuring, origination and coverage. Haroon holds an Economics degree from University of Warwick. He is a qualified ACA from England and Wales and a CFA charter holder.

Jawad Ahmad
Head of Finance & Operations
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Jawad is responsible for finance, operations, technology and administration. He brings over 15 years of experience across telecoms, finance and manufacturing, with a track record of implementing systems and processes to deliver financial and business results. Prior to joining Rasmala, Jawad was Head of Finance at Ravago Middle East, and prior to that worked at British Telecom where he was responsible for enhancing reporting frameworks to support strategic planning. Jawad holds a Bachelor of Science in Electrical Engineering from University of Engineering and Technology in Lahore and an MBA from Lahore University of Management Science. He is a qualified Chartered Management Accountant (CIMA) and a CFA charterholder.

Doug Bitcon
Head of Credit Strategies
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Doug BitconDoug is Head of Credit Strategies. Prior to Rasmala, he worked at ABSA Bank in London as a Corporate Credit Analyst before taking responsibility for the bank’s proprietary credit trading and investment portfolios, focused on higher yielding emerging market exposures. Doug started his career as a Corporate Credit Analyst in South Africa after graduating from Natal University with a Bachelor of Commerce degree.

Eric Swats
Senior Executive Officer
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Eric SwatsEric is Senior Executive Officer. Prior to joining Rasmala, he spent 17 years with Citigroup Asset Management. At Citigroup London, he served as Head of European Private Bank Asset Management and was a member of the Global Asset Allocation Committee and Head of the European Regional Investment Committee. Eric was also fixed income Fund Manager based in Zurich and short-term fixed income Fund Manager based in New York. Eric holds an MBA in Finance from New York University and is a CFA Charterholder. He is a Board Member of Rasmala Investment Bank Limited (RIBL).

Zak Hydari
Chief Executive
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Zak Hydari  is the Chief Executive of Rasmala. He has over 20 years’ experience in private equity, mergers and acquisitions, special situations and business turnarounds. He has held leadership positions in various portfolio companies and implemented post-acquisition value enhancement strategies. He was previously Chief Executive of HBG Holdings, a special situations private equity investor. He has served in various other capacities including as Board and Executive Committee Member of Muscat Finance Company, a publicly listed company on the Muscat Stock Exchange; Co-Chairman of British Conservatives Abroad (Dubai and Northern Emirates) and Board Member of the Middle East Advisory Panel of the Corporate Finance Faculty, part of the Institute of Chartered Accountants in England & Wales. Zak holds an MBA from Cranfield University and was awarded The Distinguished Alumnus Award in 2018.


Ghassan Hitti
Head of Legal & Compliance
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Ghassan is responsible for the legal and corporate governance function across the firm. He also advises the Board and executive management team on various strategic, operational, regulatory and risk issues. He brings over 18 years of legal and compliance experience to Rasmala. Ghassan headed the SHUAA Capital’s legal and compliance departments. Ghassan worked for the United Nations Development Programme (UNDP) as a senior advisor to the Ministry of Finance of the Republic of Lebanon where he worked on sovereign debt strategy and issuance. Prior to that, he was Assistant General Counsel at the Municipal Securities Rule Making Board (MSRB) in Virginia, and a trial attorney in the Division of Enforcement of the Commodity Futures Trading Commission (CFTC) in Washington, D.C. Ghassan obtained a BS in Finance and International Business from Georgetown University in Washington, D.C. and a JD/MBA from Case Western Reserve University in Ohio. He is admitted to the New York Bar.

Ali Taqi
Head of Equities
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Ali Taqi joined Rasmala in July 2016 as Head of Equities. Ali brings nearly 16 years of buy-side investment experience and business development; CFA charterholder with a Masters of Engineering degree in Operations Research & Industrial Engineering and Dean’s Certificate in Financial Engineering from Cornell University. Ali’s career started in the United States with Manning and Napier Advisors as part of the equity research team. He worked at National Bank of Kuwait and Gulf Investment Corporation before setting up A/T Capital Management in 2008.

As Head of Equities, Ali is responsible for managing Rasmala’s regional equity strategy; as well as further developing regional equity business including upcoming product innovation and expansion.