Ahmed Badr is set to rejoin Credit Suisse in Dubai four years after Renaissance Capital hired him from the Swiss bank as part of a push into Saudi Arabian stocks.
Bloomberg News reports that Badr will become a managing director and be responsible for boosting the Zurich-based lender’s equity operations in the Middle East and North Africa, according to two people with knowledge of his move.
In the meantime Bloomberg also reports that Nomura's main distressed-debt trader in London, Shaun Barlow, has left the Japanese brokerage, according to people familiar with the matter.
Barlow’s exit is linked to Nomura pulling back from distressed-debt trading, one of the people said, asking not to be identified because the details are private.
Finally, MarketWatch reports that HSBC on Friday said it has hired longtime Goldman Sachs Group Inc. banker Peter Enns as the global head of its financial institutions group, a senior hire for the bank six weeks after a group of employees complained to the bank's board about a struggle to attract talent.
Enns was most recently the chairman and chief executive of Goldman Sachs in Canada and held posts in Asia and the U.S. over 21 years at the U.S. bank. He'll start at HSBC in the newly created role later this month.