GF
Company: Qatar Investment Authority
Middle East sovereign wealth funds continue to grow
Sovereign wealth funds (SWFs) in the Middle East have been building their asset management and private equity divisions this year, and it’s easy to see why – their assets continue to grow. However, their slice of the global pie has diminished over the past two years. The SWF Institute has just produced its latest rankings, [...]
Where are all these investment banking jobs in Qatar? (Hint: in the sovereign wealth fund)
With Qatar gearing up to spend billions on the 2022 World Cup, a booming economy and most of the Q1 M&A deals in the Middle East taking place there, Doha is supposed to be the new epicentre for investment bankers. Unfortunately, there’s little sign of this anticipated recruitment taking place this year. Qatar is still [...]
Credit Suisse is shifting investment bankers from Dubai to Qatar
Qatar was a sweet spot for Middle East M&A activity throughout 2010, and in a sign of its growing importance, we understand that Credit Suisse is relocating the majority of its front office investment banking staff from Dubai to the Peninsula. Seven of the team of 10 investment bankers based in Credit Suisse’s Dubai office [...]
The rebirth of the SWF coverage banker
Investment banks’ appetite to recruit staff to woo Gulf sovereign wealth funds largely faded alongside funds’ appetite to make international acquisitions. Now, however, with advisory fees looking more likely, firms are seeking to increase their SWF coverage. The likes of Morgan Stanley, JPMorgan, Deutsche Bank and Lehman Brothers all recruited bankers to liaise with sovereign [...]
Bankers wanted to befriend sovereign wealth funds
Both Lehman and Morgan Stanley have appointed bankers to liaise with sovereign wealth funds (SWFs) in the Middle East. It looks like the start of a new trend. This week, Lehman announced that it had appointed private equity veteran Makran Azar in the newly created role of global head of sovereign wealth funds. Lehman follows [...]
Investing for the state
Middle East state investment funds are flexing their financial muscles globally. What are the chances of getting a job for one? In recent weeks, the Abu Dhabi government has bought into US private equity group Carlyle, and the Qatar Investment Authority has bought into Swedish exchange OMX. Last year Dubai bought control of ports company [...]
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