More Bad News for Credit Suisse From the Middle East: The foundations of Credit Suisse's business in the UAE have become more wobbly. Dealmakers are opting to not wait around and see what happens with UBS. CreditSuisse UBS
Dubai-based Shuaa Capital PSC has lured experienced dealmakers from Credit Suisse's Middle East business to join them in recent days and weeks. «Bloomberg» reports the financial boutique hired two experienced investment bankers from the Swiss bank. In May, Shuaa appointed 15-year Credit Suisse veteran Wafik Ben Mansour, to head his investment banking department. It also brought aboard Rustam Rizvanov from Credit Suisse.
The firm is looking to add up to three more people, with more candidates from Credit Suisse under consideration after UBS took it over. «From our perspective, we saw it as an opportunity to get good talent and, secondly, potentially get a team,» Shuaa CEO Fawad Tariq Khan told Bloomberg. «We benefit from the fact that international investment banks have been cutting back.»UBS would likely prefer retaining Credit Suisse investment bankers in the Middle East. Due to high energy prices, there's some movement in the region's corporate and capital markets.
In Switzerland, there is yet to be a single initial public offering this year, while Dubai, Abu Dhabi, and Saudi Arabia are seeing stock market debuts coming in close order.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Finma Boss Rebuffs Criticism Over Credit SuisseFinma Boss Rebuffs Criticism Over Credit Suisse: Switzerland’s financial market supervisory authority faces heavy criticism for its handling of the emergency takeover of Credit Suisse by UBS. Now its head is calling for more powers. finma creditsuisse
Weiterlesen »
Credit Suisse: Walter Kielholz sieht die Schuld nur bei den anderenNichts gegen Walter Kielholz, aber wie er sich bei der Credit Suisse aus der Verantwortung schleicht, ist fast schon zynisch.
Weiterlesen »
UBS and Credit Suisse Team Up With Soccer PlayersUBS and Credit Suisse Team Up With Soccer Players: Credit Suisse is launching a digital investing pilot project via its CSX banking app. This is despite the future of its Swiss business hanging in the balance after the UBS… NFT Swissfemalefootballers
Weiterlesen »
Credit Suisse Rescuers are on a Justification TourCredit Suisse Rescuers are on a Justification Tour: Following in the footsteps of the Finma director, a former Swiss National Bank director speaks out on the emergency rescue of Credit Suisse. The finger is being pointed at its… SNB AndreaMaechler
Weiterlesen »
Financing Hurdle Cleared in Credit Suisse Takeover Price SuitFinancing Hurdle Cleared in Credit Suisse Takeover Price Suit: A lawsuit aimed at the price UBS paid for Credit Suisse now has enough plaintiffs and money to proceed. The Lausanne-based legal startup Legalpass is behind the action. UBS CreditSuisse
Weiterlesen »
Lombard Odier Taps Credit Suisse Veteran for its New Zug OfficeLombard Odier Taps Credit Suisse Veteran for its New Zug Office: Geneva-based Lombard Odier is expanding into German-speaking Switzerland with a new office in Zug. It's adding an experienced team as well. LombardOdier Zug
Weiterlesen »