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Deutsche Transfers Banker To Dubai
German firm is latest to transfer banking brass to Dubai.
July 3, 2008
Christopher Laing, Deutsche Bank's co-head of equity capital markets for Central and Eastern Europe, the Middle East and Africa (CEEMA), is relocating to Dubai. He will manage and grow the firm's equity capital markets business in the Middle East and Africa.
Laing will continue to report to Ashok Aram, head of equity and debt capital markets for CEEMA, and Ricardo Honegger, head of global markets for the Middle East and North Africa.
Laing started at Deutsche in 1995 and has held equity capital markets positions in New York, London, Hong Kong and Sydney. He was named to his current role in 2005.
Laing's mandates include DP World's $4.2 billion IPO (the largest public offering in the Persian Gulf state market), Kingdom Hotel Investments' $397 million IPO and Turk Telekom's $1.9 billion floatation (the largest IPO in Turkey).
On June 15, Deutsche announced it would establish a Middle Eastern research platform covering 80 blue-chip stocks in the region. Pascal Moura, head of research for emerging markets, will relocate to Dubai to supervise the launch, which will take two years to complete.
Deutsche is the latest bulge-bracket firm to transfer top bankers to Dubai. Citigroup, for example, relocated its global co-head of investment banking, Alberto Verme, to Dubai from London in May.
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