The Russian government has hired one of the country's most influential investment bankers to informally consult state-run companies over acquisitions abroad, according to banking sources.
Capital Markets
Bahrain's Investcorp has announced that Mohammed Al-Shroogi, Citigroup's former managing director for the Middle East and CEO for Citi in the UAE, has resigned and will join Investcorp as head of its Gulf activities.
On September 1, David Law will join Standard Chartered as the managing director and regional head of the origination and client coverage (OCC) team for the Middle East and North Africa (Mena). Law will report to V. Shankar, member of the Standard Chartered group management committee and group head of origination and client coverage.
Standard Chartered has appointed Tee Choon Hong as managing director, regional head of capital markets for North East Asia. Tee is based in Hong Kong and will report directly to Christian Wait, global head of capital markets.
EFG International has nominated two new directors for approval at its annual general meeting, scheduled for 29 April 2009.
International law firm Linklaters has appointed Stuart Salt as regional managing partner of the firm’s Emerging Europe, Middle East and North Africa (EEMENA) practice, with effect from 1 May 2009.
BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer.
Caren Mojabber has joined Lloyds TSB Corporate Markets, Middle East as a relationship manager in the financial institutions team, serving customers based in the region.
Saudi Arabia’s minister of petroleum and mineral resources, Ali Al-Naimi, has appointed Khalid Al-Falih as president and CEO of Saudi Aramco.
Richard Luddington is to become a vice-chairman in global capital markets (GCM) at UBS focusing on the Central Europe, Middle East and Africa (CEMEA) region.
The extraordinary general meeting of shareholders and the board of directors of Alfa Bank have elected Johann Jonach as chairman of the board.
On November 5, Swedbank appointed Michael Wolf to the position of CEO. Swedbank has subsidiaries in