Suisse launches Middle East equities platform

Credit Suisse yesterday announced the launch of equities platform in the Middle East and also made several senior appointments in its equities business in the region. The appointments span across its equities sales, trading, research and Holt businesses.

Wafiq Nsouli and Ali Salaam join Credit Suisse as Directors and Co-Heads of the Equities department in the Middle East and North Africa region.

Based in Dubai, they will report to Bassam Yammine and Bruno Daher, co-CEOs of Credit Suisse in the Middle East, locally and Ian Dalglish and Guy Rigden, Co-Heads of EMEA Emerging Market Equities, functionally.

Salaam and Nsouli bring extensive knowledge of equities in the region and will further build the bank's equities sales and trading, research and Holt platform in the region.

Nsouli joins Credit Suisse from HSBC, where he was Head of Equities Sales in Dubai since January 2007.

Prior to that role, he was Head of Middle East Equities Sales at JP Morgan in London. He began his career at Deutsche Bank and SBC Warburg, where he worked in fixed income sales.

Salaam joins from Deutsche Bank, where he was a Director and Head of Regional Equity Sales in Dubai. During his career, Mr Salaam has spent over ten years in Institutional Equities Sales with Deutsche Bank, A.G. Edwards and Raymond James and Associates.

Bassam Yammine, Managing Director and Co-CEO of Credit Suisse in the Middle East, said, "These appointments demonstrate our strong commitment to providing innovative products and solutions to our clients in this region.

Credit Suisse regards the Middle East as a key growth market and our expanded equities platform reflects our long-term commitment to our clients in the region."

Credit Suisse has also appointed Hans Zayed as a Director and Head of the Equity Research Product in the Middle East.

Zayed joins the bank from Merrill Lynch.