Monday 11 November 2013

Saudi Gazette - Gulf banker plans own investment bank in Dubai

Saudi Gazette - Gulf banker plans own investment bank in Dubai:

"Emad Mansour, a veteran Gulf Arab banker, is planning to set up an investment bank in Dubai’s tax-free financial zone, he said on Sunday, joining a growing list of regional bankers taking advantage of a revival in deal making and a retreat by big investment banks.

Mansour, who has about 20 years of investment banking experience in the region, was most recently the chief executive of Doha-based Qatar First Bank (QFB), a sharia-compliant investment bank, which he helped set up in 2008. In September, QFB said Mansour had resigned as CEO.

The executive, who also previously ran the investment banking operations of Saudi Arabia-based Samba Financial Group, will file an application to the regulator of Dubai International Financial Center (DIFC), and aims to launch the business in the first half of 2014, Mansour said in a telephone interview."

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