Bahrain-based Alternative asset Investcorp promoted Andrea Davis as the company's head of corporate strategy to help grow its portfolio of investments. In her new role, Ms Davis will be charged with overseeing the implementation of Investcorp’s "organic and inorganic growth initiatives across geographies and asset classes", the company said in a statement on Monday. Ms Davis will report directly to executive chairman Mohammed Alardhi. She will continue to be based in London and maintain her existing position as head of portfolio operations and chief operating officer of Investcorp’s European private equity business. “Andrea’s appointment reflects our ongoing commitment to advancing Investcorp’s ambitious growth strategy,” Mr Alardhi said. Ms Davis, who has more than 25 years of experience, has run numerous businesses and was chief financial officer of Investcorp’s former portfolio company, TDX Group. Her promotion is the second senior leadership role announced by the company within the past few weeks. On January 18, Investcorp appointed Frances Townsend, a former adviser to President George W. Bush, to its board. Investcorp, which counts Abu Dhabi's Mubadala Investment Company as its biggest shareholder, has assets of $32.2 billion under management as of June 30. The company has been on an acquisition spree in recent months, expanding its technology portfolio by boosting its investment in software, data analytics, cyber security and FinTech companies. On January 26, the company rolled out Investcorp iPartners platform, a new FinTech offering that will allow investors to browse, assess and invest in its private equity, real estate and other offerings online. In November, it entered into a partnership with New York's Centre Lane Partners to drive private equity and private credit investment into mid-market companies in North America. Investcorp is also <a href="https://www.thenationalnews.com/business/economy/investcorp-to-boost-technology-and-healthcare-investments-in-india-1.1147811">bullish about Indian investments </a>and plans to acquire technology, healthcare and financial services companies in the country, Gaurav Sharma, head of private equity at Investcorp India, told <em>The National</em> last month.