As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 4 hours ago
Sep 23 2010 | 11:40am ET
Boutique investment bank and hedge fund manager Perella Weinberg Partners has opened an office in Abu Dhabi, with plans to expand its business to the Middle East.
The New York-based firm, which also had offices in Austin, Texas, Denver, London and San Francisco, also announced the hire of Jameel Akhrass and Nabil Lahham as partners based in the new office. In addition, Hesham Ali of Perella Weinberg’s asset management group has been named head of Middle East asset management and charged with leading marketing and investor relations in the region.
“This is an important development in our firm’s continuing commitment to an exceedingly important region of the world, and we are enthusiastic about the growth prospects for both our advisory and asset management businesses,” CEO Joseph Perella said.
Akhrass and Lahham both join from Nomura International. The former was vice chairman of Nomura’s Middle East and North Africa business and head of MENA investment banking. The latter was a managing director in that investment-banking group.