Credit Suisse said to hire BofA bankers to boost Middle East equity

      Published on Sunday, 4 November , 2018      3 Views      Comments Add Comment
Credit Suisse said to hire BofA bankers to boost Middle East equity


Credit Suisse Group AG hired two Bank of America Corp. bankers to boost the Swiss lender’s equity operations in the Middle East and North Africa, according to people with knowledge of the matter.



The Zurich-based bank appointed Hamdy Hamoudi to lead equity sales in the region and Imran Dadabhoy to manage sales trading, the people said, asking not to identified as the information isn’t public.

Both bankers will start their roles in January reporting to Ahmed Badr, who became managing director and head of equities for MENA earlier this month, the people said. Spokesmen for Bank of America and Credit Suisse declined to comment.

Credit Suisse is rebuilding its equity operations in Dubai after scaling back a few years ago amid a slowdown in trading.

The bank is making a push into Saudi Arabian stocks as more foreign investors set up a presence in the country before its inclusion in emerging market indexes by MSCI Inc. and FTSE Russell, which could result in billions of dollars in inflows.



As well as the new hires in Dubai, sales trader Karim Osman will relocate to Riyadh from London to manage equity sales trading, a person familiar with the matter said earlier this month.

Keywords:
Category Business | 2018/11/04 latest update at 8:10 AM
Source : Arabian Business | Photocredit : Google
4 Views
Comments Add comment



Related Articles

The editorial staff of Dubai Today would like to give all of its readers from Gulf and Dubai and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Dubai Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Dubai, the Gulf and the world.

Latest Comments


Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President, Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al…

HH Sheikh Mohammed Bin Rashid Al Maktoum Emir

HH Sheikh Mohammed Bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Shaikh Mohammad Bin Rashid…

Sheikh Mohammed bin Rashid Al Maktoum Emir

Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

GULF TV

Popular in GULF TV

Freelancing in the UAE region

1408 Views

The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government