February 23, 2024

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Abu Dhabi-based ADCB bulks up with ex-Citi, Natixis hires

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ADCB has additionally employed Ehsun Zaidi, who spent over a decade at Natixis and 5 years at JP Morgan Chase & Co. within the UAE, in response to individuals conversant in the matter. And Levente Sidlovits is becoming a member of from Dubai rival Emirates NBD Financial institution PJSC as head of portfolio technique administration, the individuals stated, asking to not be named as a result of the data isn’t public.

A consultant for ADCB declined to remark.

Whereas international funding banks have been shedding jobs amid a chill in dealmaking exercise, the Mideast has been extra resilient, prompting regional gamers so as to add employees. Shuaa Capital PSC employed former Credit score Suisse Managing Director Wafik Ben Mansour in Might to steer its funding financial institution franchise.

ADCB is without doubt one of the high bond and mortgage arrangers within the Gulf, vying with regional and worldwide banks for a much bigger share of the market. In Turkey, ADCB and ENBD have been growing loans to native counterparts, filling a niche left by Western lenders who’ve retreated from the nation over regulatory considerations.

ADCB has additionally suggested on various current IPOs together with Adnoc Gasoline, Al Ansari and Adnoc L&S.

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