DUBAI: Rothschild & Co appointed Saeed Al Awar as co-head in the Middle East as the boutique bank seeks to win more restructuring and advisory work across the region, according to two people familiar with the matter.
Al Awar, a United Arab Emirates national, will manage about a dozen bankers with Edoardo Fassati who recently relocated to London to focus on energy deals globally, as well as his work in the Middle East, the people said, asking not to be identified because the matter is private.Rothschild joins other boutique firms seeking to expand in the region as governments diversify their economies away from oil, sell-off state assets and fragmented industries consolidate.
Houlihan Lokey and Evercore Partners, the investment bank founded by Roger Altman, both opened in Dubai in recent years.Navarro previously worked on distressed debt situations in Asia and Latin America for the International Finance Corp. He also worked at Abu Dhabi Islamic Bank PJSC and Abu Dhabi Commercial Bank PJSC, according to his LinkedIn profile.
Rothschild recently advised on deals including the sale of Topaz Energy to DP World, the exit of several funds from GEMS Education and the sale of Schlumberger’s Middle East drilling business.Subscribe to our newsletter and get news delivered to your mailbox.