Monday 19 March 2012

UAE investment banking undergoes shake-up - FT.com

An exodus of international investment bankers from the United Arab Emirates has been followed by the downsizing of local investment banks reeling from last year’s low volumes, with the country’s big wholesale banks emerging to pick up the pieces.
Despite the market recovery, local investment banks continue to slim down their operations, providing an opportunity for bigger, better funded players to move in on their territory.

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