Dubai Holding, the investment vehicle of the emirate’s ruler, has appointed former Goldman Sachs banker Amit Kaushal as CEO, the company said on Monday. Kaushal, who was most recently Dubai Holding’s CFO, will replace Edris AlRafi who had stepped down from his position. Abdulla Lahej, group CEO of Dubai Properties, a unit of Dubai Holding, decided to leave Dubai Properties, Dubai Holding said in the same statement. He will be replaced by Raed Al Nuaimi, who joins from North 25, which was launched last year to manage multibillion dollar development projects across Dubai Holding and real estate developer Meraas Holding. The leadership change follows a reshuffle of senior officials at Dubai Holding last year, involving the departure of the CEO and vice chairman.