EFG Hermes' head of investment banking, Ahmed El Guindy, has resigned from his position with the Egyptian investment bank, it confirmed to Reuters on Monday.
Guindy's last working day was May 31, a spokeswoman for the bank
Middle Eastern equity and equity-related issuance during the first nine months of 2014 totalled $5.1 billion, a 43 per cent increase in activity from the $3.6 billion reached same period in 2013, a report said.
Abu Dhabi's ADS Securities is expanding into new services including investment banking and asset management following its acquisition of a London brokerage firm, its vice chairman and executive managing director said on Tuesday.
Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources.
The job cuts are expected t
Investment banking fees in the Middle East grew 20 per cent last year, data compiled by Thomson Reuters showed, as capital markets activity continued to recover gradually from the global financial crisis.
Total fees rose to $722 m
Debt issuance in the Middle East reached $26 billion during the first half of the year, a 40 per cent increase over the same period last year, a report said.
Middle Eastern investment banking fees reached $356.6 million while equity iss
Middle Eastern investment banking fees reached $536.1 million during 2012, a 19 per cent increase over 2011, a report said.
Equity capital markets issuance reached $9.4 billion during 2012 while total debt issuance reached $38.6 b
Falling profits in retail and investment banking left investors worried whether Credit Agricole is on the mend after the French bank took $4.6 billion of writedowns to try to draw a line under ill-fated deals.
France's No 3 ba
Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry.
Rich Ricci, head of corporate and investment banking, told
Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group said.
Investment banks are undergo