Arqaam Capital may expand in South East Asia and Africa in the coming year as demand for emerging-market assets spurs revenue.
"Global institutions of developed markets are currently retrenching from their frontier and emerging-market bases, increasing the opportunity that we have in front of us today," Arqaam chief executive Riad Meliti said. Arqaam is exploring both acquisitions and "organic" growth, he said.
Arqaam is among Arabian Gulf investment banks that are hiring after Europe's debt crisis led banks including Credit Suisse, Nomura Holdings and Morgan Stanley to trim their regional presence. Trading value in emerging-market shares has risen in 2013 as economic growth that's more than six times higher than developed nations spurs corporate earnings.
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