Kasim Kutay
{{Short description|Egyptian-born British businessman (born 1965)}}
{{Infobox person
| name = Kasim Kutay
| image =
| alt =
| caption =
| birth_name =
| birth_date = {{Birth date and age|1965|5|13}}
| birth_place = Alexandria, Egypt
| citizenship = United Kingdom
| education = BSc. and MSc. - London School of Economics
| years_active =
| employer = Morgan Stanley (1989–2007)
Sun Group (2007–2009)
Moelis & Company (2009–2016)
Novo Holdings A/S (2016–present)
| net_worth =
| title = {{ubl | CEO of Novo Holdings A/S }}
| boards = {{ubl | Novozymes, Novo Nordisk A/S, Chelsea and Westminster NHS Foundation Trust}}
| spouse = Maha Arakji Kutay
| children = 3
| parents =
}}
Kasim Kutay (born 13 May 1965) is a British fund manager who is the CEO of Danish Novo Holdings A/S, an investment fund that manages investments and assets for the Novo Nordisk Foundation. He holds British citizenship and resides in Denmark.
Kasim Kutay was an investment banker, focusing on the healthcare sector.{{Cite web |url=http://www.novo.dk/sites/default/files/images/pdf/novo_as_appoints_kasim_kutay_as_new_ceo_210616.pdf |title=Archived copy |access-date=2017-03-05 |archive-date=2017-03-06 |archive-url=https://web.archive.org/web/20170306040404/http://www.novo.dk/sites/default/files/images/pdf/novo_as_appoints_kasim_kutay_as_new_ceo_210616.pdf |url-status=dead }} Kasim Kutay assumed the role of CEO at Novo Holdings A/S on September 1, 2016, following the departure of Eivind Kolding.{{cite news|url=https://www.bloomberg.com/news/articles/2016-06-21/investment-firm-novo-names-moelis-s-kutay-as-new-chief-executive|title=Investment firm Novo names Moelis's Kutay as new chief executive|website=Bloomberg.com|date=21 June 2016 |access-date=12 January 2022}}{{cite web|url=http://www.fiercebiotech.com/biotech/after-ousting-former-ceo-novo-a-s-puts-kutay-charge-57b-investment-vehicle|title=After ousting former CEO, Novo A/S puts Kutay in charge of $57B investment vehicle |website=Fiercebiotech.com|date=22 June 2016 |access-date=5 March 2017}} Kasim Kutay joined Novo Holdings A/S after more than two decades working within investment banking.
Early life and education
Kasim Kutay is a citizen of the United Kingdom. He was born in Alexandria, Egypt on 13 May 1965 to a Turkish father and Syrian mother.
The family moved to Lebanon until the Lebanese Civil War broke out in 1975 where the family relocated to London, United Kingdom.
Prior to studying at LSE (London School of Economics and Political Science), Kasim Kutay went to the American Community School in London.
He studied at the London School of Economics and Political Science, where he attained his Master of Science in Economics in 1987. Kasim Kutay holds a BSc in Economics and an MSc in Politics of the World Economy, both from the LSE (London School of Economics and Political Science).{{citation needed|date=April 2018}}
Career
Kasim Kutay began his career, with his first job as a graduate trainee at Morgan Stanley in 1989. Kasim Kutay spent 18 years at Morgan Stanley advising mainly healthcare companies.{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=50022153&privcapId=980152|title=Kasim Kutay: Executive Profile & Biography - Bloomberg|website=Bloomberg News|publisher=|access-date=5 March 2017}}
He rose to the post of chairman of its European Healthcare Group. After 18 years at Morgan Stanley, Kasim Kutay worked at a private US investment firm, Sun Group, prior to joining Moelis & Company in 2009.
He joined Moelis & Company in 2009, where he worked for seven years, serving as Co-head of Europe and member of its Management Committee until he joined Novo Holdings A/S in 2016.{{Cite web|url=http://www.pharmatimes.com/appointments/novo_as_appoints_new_ceo_1045521|title=Novo A/S appoints new CEO|date=June 21, 2016|website=PharmaTimes}}
= Novo Holdings A/S =
Kasim Kutay was appointed CEO of Novo Holdings A/S in June 2016, succeeding Eivind Kolding.
Kasim Kutay was very familiar to Novo Holdings A/S before assuming the role of CEO, having previously advised the company over many years on both disposals and acquisitions. He has also advised several other Danish healthcare companies including William Demant and Lundbeck.
Novo Holdings A/S manages approximately DKK 710 billion Danish Kroners (approximately $106bn) worth of assets.
Philanthropy and public positions
Kasim Kutay has written on and advocated for the need for greater investment and policy changes to tackle the pandemic of antimicrobial resistance (A Plan to Avert a ‘Superbug’ Pandemic).{{Cite web|url=https://www.wsj.com/articles/a-plan-to-avert-a-superbug-pandemic-11594250183|title=Opinion | A Plan to Avert a 'Superbug' Pandemic|first=David A. Ricks and Kasim|last=Kutay|date=8 July 2020|access-date=12 January 2022|website=Wsj.com}}
In 2018, Novo Holdings A/S launched REPAIR, a $165 million fund solely dedicated to investing in companies researching new antibiotics (REPAIR Impact Fund · Novo Holdings launches US$165m impact fund to combat antimicrobial resistance.{{Cite web|url=https://www.repair-impact-fund.com/news/novo-holdings-launches-usd-165m-impact-fund-to-combat-antimicrobial-resistance/|title=Novo Holdings launches USD 165m impact fund to combat antimicrobial resistance|website=Repair-impact-fund.com|date=28 February 2018|access-date=12 January 2022}}
Kasim Kutay is an advocate for the greater adoption of biotech solutions in industry and agriculture to assist in the green transitionNovo Holdings YouTube Channel: A story about how biology can be harnessed to drive the green transition
https://www.youtube.com/watch?v=jATd_I_a83gMedWatch: Novo Holdings sets sights on more acquisitions in hot bioindustry sector https://medwatch.com/News/Pharma___Biotech/article13276777.ece and the need for a quicker bioindustrial approval process in Europe to match US timelines. Novo Holdings is an active investor in bioindustrial companies, with a portfolio of eighteen companies in the sector.
Kasim Kutay has been involved in the launch of Best For You, a new model of care for adolescent mental health, based at the Chelsea and Westminster Hospital (Best For You -video- CW+).{{Cite web|url=https://www.cwplus.org.uk/best-for-you/|title=Best For You|website=Cwplus.org.uk|date=15 December 2020 |access-date=12 January 2022}}
Kasim Kutay has written on the need for capital markets to evolve to be more conducive to companies seeking to pursue a “stakeholder” model by restraining certain types of hostile mergers and acquisitions (Kasim Kutay (telegraph.co.uk).{{Cite web|url=https://www.telegraph.co.uk/authors/k/ka-ke/kasim-kutay/|title=Kasim Kutay|newspaper=The Daily Telegraph|date=June 2020 |access-date=12 January 2022}}
Kasim Kutay is a member of the board of directors at Novozymes,{{cite web|url=http://www.novozymes.com/en/about-us/organization/board-of-directors|title=Board of Directors in Novozymes|website=Novozymes.com|access-date=5 March 2017}}{{cite web|url=http://www.novo.dk/novo/team?field_department_tid%5B%5D=1&field_department_tid%5B%5D=2&field_department_tid%5B%5D=19&field_department_tid%5B%5D=13&field_department_tid%5B%5D=5&field_department_tid%5B%5D=14&field_department_tid%5B%5D=4&field_department_tid%5B%5D=6|title=The Novo Team|website=Novo.dk|access-date=5 March 2017|archive-date=6 March 2017|archive-url=https://web.archive.org/web/20170306035205/http://www.novo.dk/novo/team?field_department_tid%5B%5D=1&field_department_tid%5B%5D=2&field_department_tid%5B%5D=19&field_department_tid%5B%5D=13&field_department_tid%5B%5D=5&field_department_tid%5B%5D=14&field_department_tid%5B%5D=4&field_department_tid%5B%5D=6|url-status=dead}} Novo Nordisk A/S,{{Cite web |url=http://www.novonordisk.com/about-novo-nordisk/management/board_of_directors/kasim-kutay.html |title=Kasim Kutay |access-date=2017-04-08 |archive-date=2017-04-09 |archive-url=https://web.archive.org/web/20170409112841/http://www.novonordisk.com/about-novo-nordisk/management/board_of_directors/kasim-kutay.html |url-status=dead }} Evotec SE{{Cite web|url=https://www.evotec.com/en/invest/news--announcements/p/evotec-se-virtual-annual-general-meeting-2020-approves-all-proposed-agenda-items-5947|title=Evotec SE virtual Annual General Meeting 2020 approves all proposed agenda items|website=Evotec.com|access-date=2020-06-18|archive-date=2020-06-20|archive-url=https://web.archive.org/web/20200620083212/https://www.evotec.com/en/invest/news--announcements/p/evotec-se-virtual-annual-general-meeting-2020-approves-all-proposed-agenda-items-5947|url-status=dead}} and a former board member of Convatec up until July 3 - 2018.{{Cite web|url=https://convatecgroup.com/media/press-releases/2018/03-july-2018-board-changes/|title=03 July 2018 - Board Changes {{!}} Convatec Group|website=Convatecgroup.com|access-date=2018-11-29}}{{cite web|url=https://www.convatecgroup.com/media/1259/convatec-proposed-directorate-changes.pdf|title=Proposed directorate changes|website=Convatecgroup.com|access-date=12 January 2022}}
Kasim Kutay is also a charity board member of the Chelsea and Westminster NHS Foundation Trust
Personal life
Kasim Kutay currently resides in Denmark and is married to architect Maha Arakji Kutay. The couple have three children.Novo-Holdings press release 2016.
References
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Category:Investment in the United Kingdom
Category:Alumni of the London School of Economics
Category:Danish chief executives
Category:British chief executives
Category:British people of Egyptian descent
Category:British people of Turkish descent
Category:British people of Syrian descent
Category:Syrian businesspeople