Skip to content
Search

Latest Stories

Shia Imami Ismaili Council in UK gets Asian businessman as president

AN ASIAN businessman has been appointed the president of His Highness Prince Aga Khan Shia Imami Ismaili Council for the UK.

Naushad Jivraj took over the role on July 11 and will serve a three-year term.


Jivraj is the CEO of Queensway Group, a family business founded in the 1970s with interests in the real estate and franchise sectors.

The company are franchisees of the Starbucks brand in the UK with 14 stores and the KFC brand in Austria and Slovakia where they operate 10 stores.

They also own and operate seven Point A Hotels in London, two in Scotland (Edinburgh and Glasgow) and one under development in Dublin.

Recently, Queensway Group acquired The Sloane Club, a private members’ club, in London Chelsea in partnership with Clearbell Capital.

In his new role, which is a voluntary position, Jivraj’s remit includes the UK as well as Austria, Sweden, Denmark, Germany, Italy, Spain, Ireland, and the Netherlands.

He will be responsible for the welfare of 18,000 Ismaili Muslims and the council whose teams focus on education, economic planning, legal matters and health, among others.

More For You

Mergers and aquisitions
Aegon exits UK after 200 years as £2bn deal hands business to Standard Life
iStock

Aegon exits UK after 200 years as £2bn deal hands business to Standard Life

  • Aegon sells its UK arm to Standard Life in a £2bn deal.
  • The move is part of a broader shift towards the US market.
  • The combined group will serve 16 million customers with £480bn in assets.

After nearly two centuries of presence, Aegon is stepping away from the UK market. The company has agreed to sell its UK business to Standard Life in a deal valued at about £2bn, marking a significant shift in its global strategy.

The transaction brings together two large pensions and savings businesses, creating a combined group with around 16 million customers and £480bn ($651bn) in assets under administration. For Aegon, the move is less about the UK itself and more about where it wants to be next.

Keep ReadingShow less