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UBS Announce Opening of Equity Research Office in Dubai
UBS Investment Bank is to open an equity research office in Dubai to cover stocks both in the UAE and across the broader GCC region. The announcement is the latest move by UBS who are significantly expanding Middle East operations to accelerate growth.
Stephen Andrews, currently European banks analyst at UBS in London, will relocate to Dubai to become head of Middle East research and banks analyst. He will be responsible for growing UBS's research capability in the region. UBS's on the ground presence in Dubai will be complemented by coverage of local stocks by its European sector research teams in London, including telecoms, transport and chemicals.
Nick Pink, Head of European Equity Research said:
"The decision to relocate some of our best analysts globally to Dubai, demonstrates the importance of the region to UBS. We believe the combination of local analysts with a global perspective and world class sector research will be a very attractive combination for our clients".
Stephen joined UBS four years ago and has 11 years experience covering the banking sector. He will transfer at the end of August and report to Nick Pink.