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MUFG names Mena head for corporate, investment bankingMUFG, a leading global financial services group, has appointed Wael Al Sharif as Head of Global Corporate and Investment Banking (GCIB) for the Middle East and North Africa (Mena). Wael, who previously held the role of Deputy Head GCIB More… |
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Spanish group Alantra launches investment banking services in DubaiAlantra, the independent global mid-market financial services firm headquartered in Spain, has opened a new office in Dubai International Financial Centre (DIFC) to provide investment banking services to its clients in the region, further stre More… |
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Al-Khatib joins Lazard as CEO Mena Investment BankingLazard Ltd has appointed Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and North Africa (Mena), and CEO of Lazard Saudi Arabia, subject to regulatory approval. More… |
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Mena M&A transactions top $85 billion in 2022The value of announced M&A transactions with any Mena involvement reached $85.2 billion during 2022, 31% less than the value recorded in 2021, said Refinitiv, an LSEG (London Stock Exchange Group) business, in a new report. De More… |
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Top 5 banks' investment banking revenue falls to $26bnThe five largest global banks hit $26.1 billion in investment banking revenue in 2019, 3 per cent down on the year over trade tensions, slow growth, and low-interest rates, according to data gathered by More… |
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Goldman Sachs ‘cutting 30pc of Asia jobs’Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is re More… |
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EFG Hermes investment banking head steps downEFG Hermes' head of investment banking, Ahmed El Guindy, has resigned from his position with the Egyptian investment bank, it confirmed to Reuters on Monday. Guindy's last working day was May 31, a spokeswoman for the bank More… |
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ME equity issuance surges 43pc to top $5bnMiddle Eastern equity and equity-related issuance during the first nine months of 2014 totalled $5.1 billion, a 43 per cent increase in activity from the $3.6 billion reached same period in 2013, a report said. The region’s More… |
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ADS Securities expands into new servicesAbu Dhabi's ADS Securities is expanding into new services including investment banking and asset management following its acquisition of a London brokerage firm, its vice chairman and executive managing director said on Tuesday. More… |
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Barclays 'to cut thousands of jobs'Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t More… |
