Investment bank Credit Suisse has launched a local equities platform in the Middle East and hired several senior staff to its equities business in the Middle East and North Africa (MENA).
Ali Salaam and Wafiq Nsouli have been appointed directors and co-heads of the equities department in the Middle East and North Africa region. They will be
based in Dubai and will assume their positions on 15 July
and 1 September respectively.
Nsouli joins Credit Suisse from HSBC, where he held the position of head of equities sales in Dubai since January 2007.
Salaam joins from Deutsche Bank, where he was a director and head of regional equity sales in Dubai.
“These appointments demonstrate our strong commitment to providing innovative products and solutions to our clients in this region,” said Bassam Yammine, managing director and co-CEO of Credit Suisse in the Middle East, in a statement. “Credit Suisse regards the Middle East as a key growth market and our expanded equities platform reflects our long-term commitment to our clients in the region.”
Credit Suisse has also bolstered its sales and trading teams in the region, appointing Fouad Dajani, Saad Tayara and Nicholas Bye as vice presidents in the Middle East equities sales and trading and product management teams.
In addition, the bank has appointed Hans Zayed as a director and head of equity research in the Middle East. He joins from Merrill Lynch, where he was a senior research analyst dedicated to the MENA region.
It has also hired Guillaume Danis as a director in the HOLT sales team. HOLT is Credit Suisse’s corporate performance and advisory service.