Credit Suisse announced on Monday the launch of its local equities platform in the Middle East, including several senior appointments in its Equities business in the MENA region. This local platform further demonstrates the bank's commitment to its clients 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 assume their positions on July 15 and Sept.1, respectively. Together, they 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. He has spent over 10 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.” __
