Board of Directors

  • Ken MacRae Chief Executive Officer & Finance Director

    Ken has worked in real estate finance, investment management and operational roles, in the UK and Middle East, for over 20 years. Initially he worked in joint ventures and mezzanine finance, and his time in banking culminated in the position of Head of Property Finance at Deutsche Postbank in London. Thereafter he spent three years in the Middle East where as the Chief Investment Officer of an Abu Dhabi-based private equity business, he managed their real estate, private equity and joint venture portfolios. Coming back to London to work with Northacre has been a homecoming in more ways than one, as he had previously been involved in the financing of Northacre's most recent developments, including Park Street and The Lancasters.

     

  • Klas Nilsson Non Executive Chairman

    Following his training as an architect in Germany, Klas founded Nilsson Architects in 1975. In 1989, he co-founded Northacre PLC, turning his architectural practice into a wholly-owned subsidiary of the Group. This resulted in a brand new hybrid of architect/developer, fuelled by Klas's passionate desire to see projects through from design to completion, sharing jointly in the creation of the results.

  • Mohamed Abdulsalam AlRafi Director

    Following in his father's footsteps, Mohamed has been managing the family owned group of companies, Abdulsalam AlRafi Group since 1990. A role which now extends to managing the Groups recent and upcoming real estate and hotels developments. With over 8 different national and international companies in his personal portfolio, Mohamed strives to build on the strength, principles, and vision of the founder. Mohamed is the Chairman of the MTAF Group, a holding company for all of his personal businesses.

  • Brian Harris Non-Executive Director

    Brian has over 35 years experience in the building and property industry as a Partner of Built Asset Consultant, EC Harris LLP. A Fellow of the Royal Institution of Chartered Surveyors he has specialised in cost and project management and is a leading authority on the delivery of capital projects and the management of risk. He has been closely involved in the growth of EC Harris LLP into one of the foremost global consultancies. He is a Trustee of the United Kingdom Historic Building Preservation Trust (part of The Prince's Regeneration Trust).

  • Jassim Alseddiqi Chief Executive Officer of Abu Dhabi Capital Management

    Jassim Alseddiqi is the Chief Executive Officer of Abu Dhabi Capital Management (ADCM). Abu Dhabi Capital Management is a leading alternative investment firm based in Abu Dhabi, UAE.

    Prior to establishing ADCM, Jassim was Chief Executive Officer of Abu Dhabi Capital Group, managing several asset classes including Private Equity, Public Equity, Hedge Funds and Real Estate. He is also a board member at Abu Dhabi Capital Group, Emirates Buildings Establishment, Qannas Investments, and Northacre Plc. Jassim and has been instrumental in founding and leading various investment firms in the UAE. Preceding his tenure in the investment world, he was a noted lecturer at the Abu Dhabi-based Petroleum Institute.

    Jassim holds a Bachelor of Science in Electrical Engineering from the University of Wisconsin-Madison, and earned his Master's of Science degree in Electrical Engineering from Cornell University in the United States. He also has several publications in international engineering journals.

  • Mustafa KheribaChief Operating Officer of Abu Dhabi Capital Management

    Mustafa Kheriba is Chief Operating Officer of Abu Dhabi Capital Management (ADCM), and is directly responsible for the day to day operations and financials of ADCM and group companies. Mustafa is also responsible for origination, deal sourcing, fund raising, due diligence, corporate governance and compliance. Prior to ADCM, Mustafa was Vice President of Operations and Investment Management at Brainnox Investment Group, a German conglomerate based in Dubai. He oversaw their investments portfolio in Eastern Europe and the MENA region. Mustafa has a Masters of Business Administration from Ohio Dominican University, and a Bachelor of Arts from the University of Toronto.

Executive Committee

The purpose of the Committee is to assist the Chief Executive in the performance of his duties including: the development and implementation of strategy, operational plans, policies, procedures and budgets; the monitoring of operating and financial performance and the assessment and control of risk. Members of the Executive Committee are:

  • i. Ken MacRae
  • ii. Jassim Alseddiqi
  • iii. Mustafa Kheriba

Remuneration Committee

A Remuneration Committee is established to ensure that remuneration arrangements support the strategic aims of a business and enable the recruitment, motivation and retention of senior executives while also complying with the requirements of regulation. Members of the Remuneration Committee are:

  • i. Mustafa Kheriba
  • ii. Brian Harris

Audit Committee

An Audit Committee is an operating committee of the Board of Directors charged with oversight of financial reporting and disclosure. Members of the Audit Committee are:

  • i. Klas Nilsson
  • ii. Mustafa Kheriba
  • iii. Brian Harris