Canada-based Canaccord Genuity Group is planning to expand its investment banking and advisory practice presence in Dubai.

As part of the expansion, the firm has appointed Sachin Mahajan as new senior managing director for the Dubai office to service its relationships in the Middle East, North Africa and South Asia (MENASA) region.

Mahajan, who is currently managing director for mergers and acquisitions, will assume his new role over the coming weeks and is expected to become fully operational in calendar Q2.

Mahajan, who joined Canaccord in 2005, has worked with the firm’s cross border M&A activity between Canada and the Indian subcontinent and Middle East.

Prior to this, he had advised companies on cross border M&A and restructuring transactions, including Essar Steel Algoma, Yellow Media recapitalization, OPTI sale to CNOOC, recapitalization of Abitibi-Bowater and Tembec as well as the sale of Kraft Canada Assets to Sun Capital.