First Asian Investments, Inc. was founded by Iqbal G. Mamdani.  Mr. Mamdani is a banker and entrepreneur whose career spans over 55 years and several continents.  He currently serves as Chairman of First Asian Investments, Inc. and oversees The Iqbal and Shelby Mamdani Foundation, Inc., a philanthropic organization dedicated to fostering educational, religious and racial tolerance.  The Iqbal and Shelby Mamdani Foundation is located in Naples, Florida.

Over the years, Mr. Mamdani has been involved in US and UK real estate transactions exceeding US $3 billion; over US $2 billion in private placement and US $500 million in private equity. Significant transaction activity occurred while serving as the Founder, Vice Chairman and CEO of TAIB Bank BSC, the first investment bank in Bahrain, which was established in 1979.

Notably, under Mamdani’s leadership, TAIB grew to have operating subsidiaries in the UAE, Qatar, Turkey, Kazakhstan, India, the US and UK and eventually sold to the Dubai Group. It was the first Gulf-based institution to establish an emerging market presence; to become the first foreign-owned investment bank in Turkey; receive approval as Foreign Institutional Investor (FII) by the Securities and Exchange Board of India; launch online trading portals and alternative investments. It also established TAIB Capital Corporation Ltd. (TCCL), a Category 1 merchant bank which made its mark targeting the Indian IT sector, as well as TAIB Securities India Limited, a registered portfolio manager which ultimately partnered with India’s IL&FS to introduce an India-dedicated private equity fund.

Mr. Mamdani also spearheaded the establishment of Acacia Real Estate Ltd., a stand-alone real estate investment company which currently has paid-in capital of US$150 million and invests principally in the US, UK and India.

Early on in his career, Mamdani served as Regional Vice President/Middle East for American Express Bank, where he led the establishment of branches and subsidiaries in Manama (Bahrain); Dubai (UAE); and Beirut (Lebanon). He also set up Egyptian American Bank in Cairo, with the Bank of Alexandria that led to becoming one of the most successful JV banks in Egypt. He initially joined American Express Bank in New York where he was responsible for developing the Bank’s Japanese business worldwide.