October 2007

Investment banking: JPMorgan recruits for growth in the Gulf

by Guy Norton

JPMorgan is making a big push in the Middle East, and particularly in Islamic finance, after announcing last month that it had hired some of the biggest names in investment banking in the region.


Ehsun Zaidi: one of the leading bankers in Islamic finance

The US bank poached from Dubai Islamic Bank (DIB) Ehsun Zaidi, previously head of capital markets, and Omair Mooraj, previously head of global project finance, syndication, and structured finance. Ghassan Abdul Karim, head of the Middle East at JPMorgan, says: "Ehsun Zaidi and Omair Mooraj are among the leading professionals in the Islamic finance field."

The firm also hired Rody Yared, head of equity capital markets and syndicate at Shuaa Capital, the leading regional investment bank based in Dubai.

JPMorgan will hope that these hires will give it the big push that it needs if it wants to become a top-tier player in the region, and especially in...


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