Morgan Stanley sees worst over for Middle East banking | Reuters

Morgan Stanley sees worst over for Middle East banking | Reuters:

"Morgan Stanley Inc (MS.N) is seeing a resurgence in investment banking activity in the Gulf Arab region and expects an end to large-scale retrenchments by global lenders as financial markets improve, senior executives at the bank told Reuters.

As the market for mergers and acquisitions (M&A), equity and debt offerings in the Middle East picks up after years of sluggish activity, the bank is targeting clients looking for advice on complex transactions that require global expertise, more than just a financial commitment such as underwriting.

"We want to lead with ideas rather than with the price of our balance sheet, and try to bring real value in areas that involve complexity - especially across international borders," said Sammy Kayello, chairman and chief executive for Middle East and North Africa (MENA) and a veteran at the bank."

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