Spanish investment bank Alantra launches Dubai office
02/02/2022 06:21
(Repeats with no changes to text)
By Andres Gonzalez
MADRID, Feb 1 (Reuters) - Spanish investment bank Alantra
ALNTA.MC is launching an office in Dubai as it seeks to expand
its international client network and win more business from
corporates and high net worth individuals in the Gulf region.
Alantra said it had hired Saad Ashraf from London-based
advisory firm StormHarbour as a managing partner to lead a team
of four bankers based in Dubai.
The move comes as other European investment banks, including
France's Natixis https://www.reuters.com/article/saudi-natixis-idUSL4N2DD048
NTXFF.PK , have been beefing up their presence in the Gulf
where oil companies and governments seek to attract foreign
capital and diversify revenues.
Dealmaking was up 60% in the Gulf in 2021 amid a global M&A
boom which last year topped $5 trillion for the first time ever.
urn:newsml:reuters.com:*:nL4N2SZ3RP
Alantra, which specialises in mid-market transactions and
advised on M&A deals worth more than 60 billion euros ($67.44
billion) in the last three years, aims to give "mid-market
clients a highly specialised service with a truly global reach",
said Miguel Hernandez, Chief Executive of Alantra's investment
banking division.
The Madrid-based bank was established in 2001 and ranks as
Spain's sixth largest investment bank for deals below $500
million, based on Refinitiv league table data.
In 2018, Alantra opened an office in Shanghai which
delivered 16 advisory mandates last year - a performance that is
hoping to replicate in Dubai, an Alantra spokesperson said.
The bank employs more than 550 people globally and is active
across Europe as well as in the United States.
($1 = 0.8897 euros)
(Reporting by Andres Gonzalez, editing by Pamela Barbaglia and
Jane Merriman)
((andres.gonzalez@thomsonreuters.com; 0034 647 69 49 89;
Reuters Messaging:
andres.gonzalez.thomsonreuters.com@reuters.net))