Jefferies Gives Mideast Market Another Try, Applies for Dubai License - Bloomberg
Jefferies has applied for a license in Dubai and is recruiting bankers in the region in an effort to return to the Middle East after a multi-year hiatus, according to people familiar with the matter.
The New York-based investment bank has offered jobs to others in the industry after initiating the application process in the emirate’s financial center last year, said the people, who didn’t want to be named because the information isn’t public.
Spokespeople for Jefferies, the Dubai International Financial Centre freezone and the Dubai Financial Services Authority declined to comment.
Jefferies, which has been recruiting globally in an effort to win more business advising financial institutions, is making its latest attempt to establish a presence in the Gulf.
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