International law firm Freshfields Bruckhaus Deringer is moving London-based corporate partner David Higgins to
Middle East
BNY Mellon Asset Management, the global asset management arm of The Bank of New York Mellon, has appointed Thomas Connolly as managing director, head of asset management for the Middle East.
The board of the Dubai Financial Services Authority (DFSA) has hired Paul Koster as its next CEO. Koster succeeds David Knott, who retires from full time employment in December this year, after nearly four years with the DFSA. Knott is widely credited as having established the DFSA as a highly regarded regulator operating to world-class standards.
The Qatar Financial Centre (QFC) authority has appointed Jon Morton as director for financial development. Morton has joined the QFC authority from Henley Business School in the UK, formerly Henley Management College, which merged with the University of Reading in August.
Morgan Stanley has further strengthened its Saudi Arabia team by appointing Habib Achkar, managing director, as chief executive officer of Morgan Stanley Saudi Arabia. Achkar will oversee the continued expansion of MSSA and will relocate to Riyadh.
Investment company sells controlling stake in Pharos Holding for an estimated EGP32mn (US$42mn).
French bank splits role between former corporate finance head and deputy risk officer as Thierry Aulagnon retires.
Despite a slow start to 2015, hopes are high for new names to enter the market this year.
The Kingdom of Saudi Arabia is anticipating a busy year of stock market listings, as investors look to allocate cash saved up during the pandemic.
A solar project backed by the Saudi sovereign wealth fund reached financial close in August, as asset managers in the Middle East and Africa region enjoy bumper growth coming out of the coronavirus pandemic.
Qatar National Bank Group has signed a €1.75bn term loan from a syndicate of banks, while Fitch Ratings has put the country’s banking sector on negative watch, with the increased amount of overseas debt taken on by the banks a significant factor.
The Middle East’s bond machine has started rolling this year with major issuance from fixed income darling Saudi Arabia, and analysts reckon the region is set for a decent year in the capital markets.