Hussain Najadi

Hussain Najadi (c. 1938 – 29 July 2013) was an international banker born in Iran to parents of Persian origin. He was the Chairman & CEO of AIAK Group based in Kuala Lumpur, Malaysia.

Najadi was the first Persian merchant banker to link the Middle East countries to the economies of Malaysia, and other ASEAN member countries since 1974. AIAK Group, in 1975, founded the Arab Malaysian Banking Group (AMBG), now a $16 billion banking group in Asia, with an initial paid in capital of $2 million only. AMBG soon became one of the largest banks in Malaysia, now renamed as AmBank.

Najadi was appointed from 1978 to 1985 by the Governor of the Central Bank of Malaysia as non-executive independent director of the Malaysian Industrial Development Finance Berhad, an industrial and merchant bank in Malaysia.

Najadi acquired in 1968 from UBS Group, Supramar AG, a hydrofoil specialist based in Lucerne, Switzerland. He expanded its operations world wide and established over 200 hydrofoil lines.

Najadi was the Chairman of Free2move Asia, a joint venture firm with Free2move AB, of Sweden, in the field of RFID and sensor networks. The company was fully acquired by Free2move Holdings AB, Sweden, in August 2010 upon which Najadi resigned.

Najadi was also the founder and former Director of EURO-ASIAN CENTER at INSEAD, Fontainebleau, France (1977–85). Najadi was a visiting lecturer in Business Management in Asia.

Najadi was the first Chairman of developing countries gathering at Davos Economic Symposium (now known as World Economic Forum), in Davos, Switzerland.

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