Boutique Firm Verus Hires HSBC Banker to Set Up in Mideast - Bloomberg:
"Verus Partners Ltd., the boutique firm that advised Saudi Arabia when it took out $10 billion in loans this year, hired Yusuf Macun from HSBC Holdings Plc to set up its operations in the Middle East.
London-based Verus, founded by former Citigroup Inc. bankers Mark Aplin and Andrew Elliott, appointed Macun as a partner in the United Arab Emirates, the company said in an e-mailed statement late Thursday. Macun was previously head of power and renewables for HSBC in Europe, the Middle East and Africa region. He was also head of commercial and project finance for Abu Dhabi National Energy Co., or TAQA.
Set up in 2011, Verus Partners has helped arrange more than $40 billion in transactions, the company said. In April, it helped the Saudi government secure its first loan in 15 years from banks, according to people with knowledge of the matter. It also advised a unit of Saudi Arabian Mining Co. when it refinanced $3.2 billion of debt in 2014, people said at the time."
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