Arqaam Capital, a Dubai-based investment bank, has hired ex-Credit Suisse banker Wafic Nsouli to head its institutional equity sales unit, tapping into talent from retrenching global banks for its expansion.
Nsouli is expected to join Arqaam on March 18 and will take charge as executive director and head of institutional equity sales, the investment bank said in a statement to Reuters.
Before joining Arqaam, Nsouli was head of Middle East and North Africa equities at Credit Suisse, responsible for the company's offices in Dubai and Saudi Arabia.
A rally in Gulf financial markets is prompting local financial institutions to expand their businesses, targeting new geographies and boosting recruitment from international rivals.
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