View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 24, 2009updated 04 Apr 2017 3:56pm

Morgan Stanley Names New Head For Middle East Investment Banking Unit

The US-based bank wants to captalise on the opportunities and merger and acquisition deals coming in the region

By BBR Staff

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.

 

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.

 

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International