Dubai - Morgan Stanley (NYSE: MS) today announced the appointment of Hani Nabulsi, Mohammed Odeh and Nadim Shabsogh as Executive Directors and Investment Advisers in its Dubai-based Private Wealth Management ("PWM") team.
Al-Nabulsi and Odeh both join from Credit Suisse in Dubai, where they were jointly responsible for leading a UAE private banking coverage team. Shabsogh joins from Bear Stearns in London, where he had responsibility for Middle East private client relationships. All three will report to Ausaf Abbas, Head of Sales and Marketing for PWM in EMEA.
Commenting on the appointments, Mr. Abbas said, "As we continue to grow our successful Private Wealth Management business in the MENA region, we are very pleased to welcome Hani, Mohammed and Nadim to the team. The three have a long track record of success in the region and bring considerable wealth management expertise to the Firm."
Al Nabulsi and Odeh will focus on ultra high net worth clients and family offices in the UAE while Shabsogh will focus on the same segment in Saudi Arabia and Kuwait. All three have experience of managing large and complex product portfolios across multiple markets for their clients.
"These appointments are further evidence of the Firm's commitment to the MENA region and," added Georges Makhoul, President of Morgan Stanley, MENA. "Private Wealth Management is a key strategic business for us and one for which we have ambitious growth plans. Hani, Mohammed and Nadim will be a considerable asset to us as we further enhance our PWM footprint in the Middle East."
Prior to joining Credit Suisse, Nabulsi and Odeh worked for Salomon Smith Barney and Merrill Lynch in New York and Dubai. Nabulsi is a graduate of the Bowling Green State University (BGSU), U.S. State of Ohio, while Odeh holds a degree in Business Management from Ajman University, UAE.
Prior to joining Bear Stearns, Shabsogh worked at Donaldson, Lufkin & Jenrette and Credit Suisse First Boston in London. He holds a BSc in Civil Engineering from London University and a MBA from the University of Nottingham
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 35 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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Morgan Stanley in the Middle East & North Africa
Morgan Stanley has been active in the Middle East and North Africa region since the 1970s, providing a variety of investment banking, asset management and wealth management services. The Firm opened its first office in the Middle East region in the Dubai International Financial Centre and now has offices in Doha and Cairo.
Morgan Stanley Private Wealth Management
Morgan Stanley Private Wealth Management was established in 1977 and serves a global client base from offices in the US, EMEA and Asia. The division is dedicated to providing comprehensive wealth management advice to a variety of clients, including individuals, families, trusts and foundations in control of significant pools of assets and liquidity.
For more information, please contact:
Jonathan Ellis
Capital MS&L (Dubai)
Tel: +971 4 367 6172
Mobile: +971 50 469 4684
Fax +971 4 427 8689
Dubai Media City PO Box 502697
Email: jonathan.ellis@capitalmsl.com
Website: www.capitalmsl.com
© Press Release 2008
