Board of Directors
Mr. Charles Marleau is President and Co-Founder of Palos Management. He is responsible for managing and trading the investment funds and supervises administration, investor relations, record keeping and compliance. Mr. Marleau graduated from McGill University with a Bachelor's degree in Economics and completed the Canadian Investment Manager designation. He serves on Board of Directors of numerous private companies, a private school and a Canadian public company. Mr. Marleau is also a member of the Institutional Equity Traders Association, Montreal University Club, Montreal Oil Club and the Young Entrepreneurs Organization.
Dr. Hani Findakly
For over 30 years, Dr. Hani Findakly has advised governments, central banks, and international institutions on portfolio management, capital markets and international development. Most recently he was vice chairman and director with Clinton Group Inc., a private equity mutual fund affiliated with Deutsche Bank.
For nine years until 1999, Dr. Findakly was president of Potomac Babson Inc., an investment management firm. Earlier in his career, he held senior management positions with firms including PaineWebber Inc. and Drexel Burnham Lambert. From 1975 to 1986, he worked for the World Bank in Washington D.C. As director of its investment department and chief investment officer, he managed a $25 billion investment portfolio in 20 international markets.
Dr. Findakly earned a B.Sc., magna cum laude, in civil engineering from Baghdad University in 1966. He pursued his graduate education at the Massachusetts Institute of Technology, earning a M.Sc. in computer simulation in 1971 and a Doctor of Science in decision theory in 1972. At MIT he was a Goulbenkian Foundation Fellow and a member of Sigma Xi and Chi Epsilon (research and engineering excellence). He was a member of the MIT faculty from 1972 to 1975.
Dr. Findakly serves on a number of academic and public interest boards, including Harvard University’s Center for Middle East Studies. He is a member of the selection committee for the University of Maryland Sadat Chair for Peace and International Development. From 2000 to 2003, he was president of the Arab Bankers Association of North America.
Mr. Babay founded Intrinsic Value Investment Partners (IVIP) in 2009 as a hedge fund platform. IVIP is a global investment management firm with a value oriented approach. Prior to IVIP, Mr. Babay was a Partner at Foxhill Capital Partners LLC, a distressed/event driven hedge fund founded in 2005. Mr. Babay served on Foxhill’s investment committee. Prior to Foxhill, Mr. Babay spent 6 years at Lehman Brothers in various capacities including investment banking and proprietary trading. Mr. Babay was a member of Lehman’s global mergers and acquisitions group from 2001 to 2003 where he completed several transactions. In 2003, Mr. Babay joined Lehman’s proprietary trading desk as a senior investment analyst responsible for generating and executing trading ideas in both the debt and equity markets. Prior to Lehman Brothers, Mr. Babay worked in various managerial positions in the textile and sanitary ware industries. Mr. Babay holds a MBA from Columbia Business School and a bachelor of science from IHEC Institute. Mr. Babay also is on the board of directors of the Arab Bankers Association of North America. Mr. Babay is fluent in English, French and Arabic.
Omar Wohabe, Esq.
Omar Wohabe is a partner of Wohabe Law Offices LLP, in New York. The firm was established in 1971 to serve private-sector and public-sector clients from the Arab Gulf with respect to diverse domestic and international transactions and activities, and clients from other jurisdictions with respect to their business interests in the Gulf. Mr. Wohabe represents such clients principally in connection with investments in private equity, venture capital, real estate and other commercial transactions. A portion of these transactions are made in conformity with Islamic law. He also routinely advised clients on matters relating to fund formation and capital market transactions, and serves as outside general counsel to clients, generally in connection with investment transactions and commercial assignments, but also with respect to litigation, regulatory and compliance matters in the United States and Arab Gulf jurisdictions. Mr. Wohabe is the President and a member of the Board of Directors of the Arab Bankers Association of North America ("ABANA"). He regularly organizes and presents at private and public conferences on the subject of Islamic investing and other topics of interest to Gulf investors. Mr. Wohabe graduated from Williams College (B.A., 1985) and Cornell Law School (J.D., 1988), and is a Saudi Arabian national admitted to practice in New York.