Expecting that the Middle East region would emerge ralatively unscathed from global financial crisis due to the resurgent oil prices, Morgan Stanley (MS) has named Cyrus Behbehani as head of its investment banking unit of the region – reported Zawya.

 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

He will replace David Law as chairman in Dubai and report to George Makhoul, president for the Middle East and Africa. Mr. Behbahani will also handle sovereign wealth fund relationships. Previously, he was head of European industrial investment banking out of London, managing big accounts like Daimler and Siemens.

 

A bank spokesman said: Morgan Stanley remains comitted to the Middle East. We see lots of opportunities and merger and acquisition deals coming.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Dealogic, a supplier of relationship and transaction management software and information systems for the investment banking industry, Middle East region’s M&A volume witnessed a 26% increase between May 2008 and May 2009, reported the newspaper.