TRAFFIC APPOINTS A NEW CHAIRMAN: DAVID MOLESHEAD

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Traffic is pleased to announce the appointment of David Moleshead as Chairman of the Board.

David previously had over 42 years in investment and international banking experience in UK, Europe, Asia and the Middle East managing teams which won numerous industry awards. Latterly, he was Managing Director for HSBC Investment Banking Middle East where he pioneered the debt capital markets activity in the GCC. He retired from this role at the end of 2005 and remained in the Middle East as a senior adviser to HSBC until 2007.

Since founding Envestors MENA as a business angel network in 2009, David has been involved with several hundred regional entrepreneurs and SMEs who have sought his advice on the challenges of raising capital for development/expansion purposes.

Dominic Gothard, Traffic’s CEO had this to say about the appointment: “I am delighted that David Moleshead has agreed to join Traffic. He will bring, in addition to his distinguished international business and financial experience, unique perspectives into our company’s ambitious growth plan.

Commenting on his appointment, David Moleshead said: “I am honoured to have been invited by the Board to become Traffic’s Chairman and to help contribute to the mission and strategy of one of the best Digital Technology companies in the Middle East. I am really looking forward to working with Dominic Gothard to provide best practices in the digital technology sector in the Middle East”.

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