Deutsche enlarges equity team in Dubai

Emerging markets1Deutsche Bank has hired three equity analysts focused on emerging markets to join its team based in the Dubai International Financial Centre (DIFC).

“We now have nine analysts covering twelve sectors in nine markets across the emerging markets complex,” said Pascal Moura, head of equity research in emerging Europe, Middle East and Africa and Latin America.

The firm said its DIFC team now covers the banking, oil and gas, telecom, media, metals and mining, utilities, healthcare, consumer discretionary, consumer non-discretionary, transport, chemicals and real estate sectors.

The news follows the announcement that Rafik Nayed would become country head for the UAE for Deutsche Bank, replacing Nadeem Masud, who left at the end of last year.

The DIFC, a free economic zone in Dubai in which foreign companies can operate 100%-owned subsidiaries, has become one of the key hubs for financial firms in the Middle East region.

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