Despite news that large investment banks were pulling back from the Middle East, October was one of the most active months for new recruits this year, with investment banks, sovereign wealth funds and asset managers all making senior hires.
The Abu Dhabi Investment Authority has made some senior appointments to its private equity team. Colm Lanigan has joined as head of principal investments from boutique private equity firm Tara Capital. Marc Kerstead has also joined as chief financial officer for its private equities division.
AlixPartners, the advisory firm, has named Eugenio Berenga as region leader for the Middle East.
Bank of America Merrill Lynch has named Hakim Karoui and Wadih Boueiz as head co-heads of corporate and investment banking in the Middle East.
Barclays has hired Wassim Alameddine as director, private banker for its wealth and investment management division in MENA, based out of Dubai.
Barwa Bank has recruited Khalid Al-Subeai, previously country manager for Morgan Stanley in Qatar.
Emirates NBD has named David Marshall as its new head of asset management after the resignation of Deon Vernooy, who has moved on to pursue other career opportunities, as we revealed this week.
Friends Provident has appointed Omar Shelbaya as regional sales director for the Middle East and Africa region.
Janus Capital, the asset manager, has named Meshal Jaber Al Faras as head of the Middle East after unveiling its new office in the Dubai International Financial Centre.
Jones Lang LaSalle, the real estate investment firm, has named Peter Bibby as its new national director and co-head of its Saudi Arabian operations.
J.P. Morgan has hired Ahmed Saeed from Nomura to head up its public sector coverage for the Middle East, based in Dubai.
Neuberger Berman, the asset manager, has named Khalid Murgian as managing director and head of MENA for its new Dubai office. He joins from Goldman Sachs Asset Management.
The Qatar Exchange has appointed Rashid Bin Ali Al-Mansouri as its new CEO.
QInvest has hired Tamim Al-Kawari, who was previously Goldman Sachs’ chief executive in Doha, as deputy chief executive and head of client coverage.
Standard Chartered has named Hussam AlFaqir as head of origination and client coverage and co-head of wholesale banking for Bahrain.