Wednesday, 29 June 2016
Last updated 6 hours ago
May 31 2007 | 12:17pm ET
Morgan Stanley is seeking regulatory approval to establish an office in Cairo, Egypt, and has appointed Amr Diab as executive director and country representative. In his new role, he will have responsibility for the firm’s client coverage and business development activities in the region.
Diab is rejoining Morgan after spending six years as a hedge fund manager, most recently as founder and portfolio manager of Cheiron Capital. Diab began his career at Morgan in 1993 in the firm’s investment banking group involved in private equity and strategic planning and later worked in the firm’s investment management division as a portfolio manager.
“While we have advised the Egyptian government and private corporations for many years, we believe that this is the right time for us to establish a Morgan Stanley presence in the country,” said Georges Makhoul, Morgan Stanley’s president for the Middle East and North Africa region.
“In addition, I am very pleased that Amr Diab will be joining us to spearhead our efforts in Egypt. He is a talented banker with a broad range of experience across different product lines, and he will play a critical role in building our business in Egypt.”