LCR Capital Partners, based in Connecticut, recently appointed Dubai-based executive Bassel Sweid to a director of corporate development role, according to Cision PR Newswire.
Under his new role, Sweid will be tasked with promoting the growth of LCR’s presence across the Middle East and North Africa “as the point of contact for clients and channel partners in the region, in addition to exploring new potential markets and attractive investment opportunities for LCR,” Cision PR Newswire said.
"This is a great moment for the industry and for our firm. Two of our immigration investment offerings, the U.S. EB-5 visa program and the Portugal Golden Visa program, have been recently reformed and are accepting new investors,” Suresh Rajan, founder and executive chairman of LCR Capital Partners, told Cision PR Newswire. “We have also expanded with new services, including LCR Wealth and International Investors Mortgage, to help global families. Investing globally is a significant decision, and advisors like Bassel who can explain the process and benefits make a big difference. I'm sure he will represent the firm well in the region."
Before taking on the new venture with LCR, Sweid contributed to Holborn Assets and Citizenship Invest.
"Bassel joins the LCR team with over 10 years of professional investment experience, including working with immigration investments and international real estate,” CEO of LCR Capital Partners Sherman Baldwin told Cision PR Newswire. “As someone who has focused much of his professional career on high-net-worth families, Bassel makes an excellent addition to the firm and shows our commitment to having advisors in the region to assist our clients as they explore global opportunities.”
Sweid has ample showings of his involvement setting up marketing strategies, business plans, developing training programs and working alongside investment advisors. He is also credited with raising more than $50 million of capital for government funds and international real estate transactions that provide clients the Portuguese Golden Visa.
A native Arabic speaker, the Austrian software engineering graduate is also proficient in English. He has been based in Dubai for the past 12 years.
"I am impressed with the caliber of LCR's executives and its professional networks," Sweid told Cision PR Newswire. "The company has an excellent reputation and really thinks about the whole family when presenting its offerings. I also love that they think about how technology can make investing easier. I look forward to being part of the team."