The Nomura bankers are Jameel Akhrass, vice chairman for Nomura’s Middle East and North Africa region, and Nabil Lahham, who had been a managing director in Nomura’s MENA Investment Banking group.
In a statement, Perella Weinberg said Akhrass and Lahham would develop the company’s strategic advisory and asset management businesses across the Middle East.
"We believe in the positive seculara growth outlook for the Middle East, and in the associated opportunities for firm with our business model," Tarek Abdel-Meguid, a founding partner of Perella Weinberg and head of its asset management business, said.
The announcement of the new Perella Weinberg office comes as Dubai, the United Arab Emirates’ other major financial services centre, is planning its first bond issue since the UAE’s financial difficulties began last year.
Perella Weinberg already has offices in Austin, Texas; Denver, Colorado; and San Francisco, California; and London, in addition to its New York headquarters. Its global asset management business comprises a suite of hedge fund strategies, private capital and a multi-manager business. Including affiliates, it has capital commitments and managed assets of about $6bn (£3.8bn, €4.45bn).
