DUBAI- Credit Suisse has hired Hazem Shawki, a Goldman Sachs GS.N banker, as its new head of its Middle East, Turkey and Africa investment banking and capital markets division, according to an internal memo seen by Reuters.
Shawki will join the Swiss bank in October after a total of 17 years in two periods with Goldman Sachs, the memo said. He will be based in Dubai.
Shawki's last role at Goldman was head of investment banking Middle East and North Africa (MENA).
A Credit Suisse spokesman confirmed the contents of the memo. Goldman declined to comment.
At Goldman Shawki led a number of major deals in MENA, including most recently advising the Saudi sovereign fund PIF on the sale of its 70% stake in Saudi Basic Industries, the memo said.
Credit Suisse is looking to expand in Saudi Arabia after it was recently awarded a full banking license by the country's central bank.
(Reporting by Saeed Azhar. Editing by Jane Merriman) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: email@example.com))