History
The Bolur Corporation was established in 1894. The Group's main activity originated as the manufacturing and distribution of stainless steel and crystal products -- the Group’s namesake. The Group diversified into the tea business in the 19th century before co-founding the first private bank in West Asia, Bank Saderat Iran (Export Bank of Iran) in 1952. The Group then began the country's first private insurance brokerage before all banking and insurance activities were nationalized in the 1979 revolution. The Group has since rebuilt operations in New York and Dubai.
The Bolur Corporation was established in 1894. The Group's main activity originated as the manufacturing and distribution of stainless steel and crystal products -- the Group’s namesake. The Group diversified into the tea business in the 19th century before co-founding the first private bank in West Asia, Bank Saderat Iran (Export Bank of Iran) in 1952. The Group then began the country's first private insurance brokerage before all banking and insurance activities were nationalized in the 1979 revolution. The Group has since rebuilt operations in New York and Dubai.
Leadership
Abbas A. Bolurfrushan, Chairman of the Board of Directors
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Abbas Bolurfrushan is the Chairman of the Board of Directors of Bolur Global, Arya Insurance, Asian Poosheshgar and Ex-Chairman of Hafez Insurance Company. Mr. Bolurfrushan pioneered the private insurance sector in Iran by forming SafeCover, in 1971.
In addition, Mr. Bolurfrushan is a founding member, and Ex-President, of the Iranian Business Council of Dubai, Founding Governor of the Capital Club, with leadership roles in numerous other local philanthropic organizations. He is a graduate of the College of Insurance (MBA) in New York and the Academy of Insurance in Cologne, Germany. Mr. Bolurfrushan has been interviewed by numerous international publications including the Council of Foreign Relations, Forbes and the New York Times, |
Arya H. Bolurfrushan, Chief Executive Officer and Member of the Board of Directors
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Arya H. Bolurfrushan is the Chief Executive Officer of Bolur Holdings, Principal at New York Re, General Partner of Accrete Capital, Praxi Partners GmbH, Emerge Ventures and is a Board Member of Elevision Media, Arya Insurance and on the Nomination Committee of the Board of Directors of RAK Petroleum plc (RAKP.OL).
Previously, Mr. Bolurfrushan served as General Manager & CFO of RAK Petroleum plc and took the company public on the Oslo Børs after growing the firm five-fold from his joining in 2010. RAK Petroleum is the largest non-state oil and gas producer in the Middle East. Mr. Bolurfrushan began his career at the Investment Strategy Group of Goldman Sachs advising the firms partners and largest clients. Mr. Bolurfrushan co-founded and led the boards of the Young Presidents Organization’s Regional MENA Chapter, Harvard Iranian Alumni, the United Nations’ Next Generation of Energy Leaders and was nominated as a Global Shaper by the World Economic Forum. In addition to studies at the University of Cambridge, Sorbonne and the Cordon Bleu, Mr. Bolurfrushan received a Bachelor and Masters of Science from Carnegie Mellon and an MBA from the Harvard Business School. |