Kardan Investment Bank Explained

Kardan Investment Bank
Type:PJSC
Area Served:Worldwide
Key People:Mostafa Omidghaemi (Chairman)
Yousef A. Sharifi(CEO)
Products:Investment banking
Num Employees:11-50
Foundation:January 7, 2014
Assets:$80 million
Location:Tehran, Iran
Homepage:https://kardan.ir/

Kardan investment bank (Persian: شرکت تأمین سرمایه کاردان, Shirkat-e Tamin-e Sirmayeh-e Kardan) is a full-fledged investment bank based in Tehran, Iran. Kardan is licensed and regulated by the country’s Securities and Exchange Organization (SEO).[1] The formation of Kardan Investment Bank started in January 2011. The Bank received its license from SEO in June 2013. The company’s capital initially set at IRR1 Trillion ($40 million) was raised to IRR2 Trillion (about $80 million) when license was granted.[2] The company is poised to execute cross-border deals [3] and is sponsored and owned by three commercial banks, Tejarat (the country’s third largest bank), Saman and Middle East.[4] Kardan board of directors is chaired by Wisconsin university graduate and a prominent banker [5] Dr. Parviz Aghili (Chairman) who spearheaded the creation of the company. The company is co-founded by Majid Zamani and run by Yousef A. Sharifi (CEO) a Connecticut University graduate and a previous investment manager to the Saman Bank.[6]

Corporate governance

Notes and References

  1. Web site: .:: Seo.ir - سازمان بورس و اوراق بهادار ::.. seo.ir.
  2. Web site: Iran Bank to Market Energy Fund to Foreign Investors, CEO Says. Golnar Motevalli. Bloomberg.com.
  3. News: Corporate Iran pins hopes on overseas financial charm offensive. Reuters. 8 October 2014.
  4. https://www.sb24.com/En/footer/about-us/saman-financial-group.html Kardan on Saman Bank Website
  5. News: The banking revolutionary. Financial Times. 20 November 2007.
  6. Web site: Majid Zamani: Executive Profile & Biography - Businessweek. Businessweek.com.