In 1982 Nemir Kirdar, an Iraqi-exile who built a career in banking in New York in the 1960s and in the 1970s headed Chase Manhattan’s operations in the Gulf states, realized his ambition to found an investment bank dedicated to channelling Arab wealth into corporate and real estate investments in America and Europe. Over the next 16 years, that firm, Investcorp, has struggled to maintain a discreet presence in the midst of some extraordinary deal-making.
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