In our end of year edition, we take a look at what’s been moving the alts space, and what’s to come.

Capricorn Fund Managers (CFM) has appointed Nick Smith as a Non-Executive Director to the board of Capricorn Fund Managers (DIFC) Ltd, strengthening the firm’s governance, strategic oversight, and regional expertise as it continues to expand its presence across the Middle East.

Nick has more than three decades of experience in the global asset management industry. A former Partner and Head of the Middle East Funds Group at Allen & Overy, he has advised leading asset managers, institutional investors, and sovereign entities on fund formation, structuring, regulation and has a depth of expertise in the UAE and wider Gulf region.

As a Non-Executive Director, Nick will play a key role in providing independent oversight and guidance to the executive team, contributing to the development of the firm’s long-term strategy and ensuring adherence to governance and regulatory best practice under DIFC/DFSA standards. His appointment also reflects Capricorn’s commitment to maintaining the highest standards of compliance, transparency, and stakeholder engagement as it continues to grow in the region.

James Bruce, Senior Executive Officer, Capricorn Fund Managers (DIFC) Ltd, commented: “This is perfect timing as we start to see real momentum in the UAE. Nick brings exactly the knowledge and experience needed to help us take the next step. His deep understanding of the regional landscape will be invaluable as we continue to expand our presence and partnerships across the Middle East.”

Nick Smith added: “This is an exciting stage in CFM’s journey in the UAE. Having worked with fund managers, sovereign wealth funds and institutional investors across the Middle East for many years, I look forward to helping the firm navigate regional opportunities, deepen its regulatory relationships, and continue building on its strong governance foundation.”

Nick’s role will include providing strategic input on long-term planning, supporting the board in reviewing financial and risk management systems, and advising on regional engagement with key financial centres such as the DIFC and ADGM.

For further information contact James Bruce ([email protected]).