Credit Suisse has launched its local equities platform in the Middle East, including several senior appointments in its equities business in the MENA region. This local platform further demonstrates the bank’s commitment to its clients in the region. The appointments span across its equities sales, trading, research and HOLT businesses.
Wafiq Nsouli and Ali Salaam join Credit Suisse as directors and co-heads of the equities department in the Middle East and North Africa region. Based in Dubai, they will report to Bassam Yammine and Bruno Daher, co-CEOs of Credit Suisse in the Middle East, locally and Ian Dalglish and Guy Rigden, co-heads of EMEA emerging market equities, functionally. Salaam and Nsouli assume their positions on 15 July and 1 September, respectively.
Nsouli joins Credit Suisse from HSBC, where he was head of equities sales in Dubai since January 2007. Prior to that role, he was head of Middle East equities sales at JP Morgan in London. He began his career at Deutsche Bank and SBC Warburg, where he worked in fixed income sales. Salaam joins from Deutsche Bank, where he was a director and head of regional equity sales in Dubai. During his career, Salaam has spent over ten years in institutional equities sales with Deutsche Bank, A.G. Edwards and Raymond James and Associates.
“These appointments demonstrate our strong commitment to providing innovative products and solutions to our clients in this region,” says Bassam Yammine, managing director and co-CEO of Credit Suisse in the Middle East. “Credit Suisse regards the Middle East as a key growth market and our expanded equities platform reflects our long-term commitment to our clients in the region.”
Credit Suisse has also appointed Hans Zayed as a director and head of the equity research product in the Middle East. Zayed joins the bank from Merrill Lynch, where he was a senior research analyst dedicated to the MENA region. He will work closely with Middle East analyst Mohamad Hawa, who joined the bank in 2007. The bank’s Middle East equity research team will be supported by a group of new associates, and will continue to expand its coverage of Middle Eastern stocks.
In addition, Guillaume Danis has been appointed as a director in the HOLT Sales team, where he will be responsible for building HOLT’s suite of innovative products in the MENA region and delivering HOLT’s corporate performance and valuation insights to clients. HOLT is Credit Suisse’s corporate performance and advisory service. Its CFROI model is used to identify key investment opportunities by evaluating the corporate performance of thousands of companies globally.
The bank has also appointed Fouad Dajani, Saad Tayara and Nicholas Bye as vice presidents in the Middle East equities sales and trading and product management teams.