Aiming to capture a larger segment of the IPO market in the region

Rothschild is moving its best bankers from Hong Kong to Dubai

Rothschild is one of the largest international groups specialized in financial services in the world.


Informed financial sources revealed to “Bloomberg” agency that the “Rothschild & Partners” group of companies transferred one of its best advisers in the field of banking, from its office in Hong Kong to Dubai, amid the boom of public offerings in the emirate.

The sources said that the head of the capital market advisory department in Asia, Finley Wright, will move to work from Dubai, at a time when the company is trying to capture a larger segment of the growing market for initial public offerings in the Middle East.

Dubai witnessed a successful IPO of the Dubai Electricity and Water Authority (DEWA) last April, which reflects the great confidence in Dubai’s strong economic approach, its major institutions and its world-class infrastructure. Dewa’s subscription requests reached world records, reaching about 315 billion dirhams.

Salik also announced yesterday the successful completion of the drafting of the subscription order register and the public subscription process for its initial public offering on the Dubai Financial Market. The volume of the offering after the increase amounted to 1.86 billion shares of ordinary shares, equivalent to 24.9% of the total shares. Issued in the capital of «Salik».

Bloomberg said Finlay Wright will move from Hong Kong later this year, where he will serve as Head of Equity Solutions for both private and public capital markets in the Middle East and Asia.

Wright has worked at Rothschild for more than 17 years, and in Hong Kong alone for more than a decade.

The Middle East is also going through one of its best years for initial public offerings, as high oil prices and investor inflows have significantly boosted this market.

Rothschild is one of the world's largest international financial services groups, providing consultancy and services for private wealth management, wealth structuring and protection, investment and financial asset management, deposits and private banking.

Meanwhile, Hong Kong IPO yields fell 78% from a year ago, in line with the global slump in share sales, due to inflation concerns and volatile markets.

Hong Kong as a financial center was also affected as a result of its commitment to the "zero Covid" policy pursued by the Chinese government to combat the outbreak of the "Corona" virus in the country.

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