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DUBAI, Sept 5 - Goldman Sachs has hiredsenior Citigroup banker Jassim AlSane as its co-head ofinvestment banking in the Middle East and North Africa region,according to two sources familiar with the matter.
AlSane, a Kuwaiti national, has spent 13 years with Citiwhere he has most recently been managing director in itsinvestment banking unit, focusing on mostly Abu Dhabi andKuwait, one of the sources said.
Goldman has also hired Omar AlZaim from HSBC as head ofinvestment banking for Saudi Arabia, one of the sources said.
Goldman Sachs and HSBC did not immediately respond torequests for comment. Citi declined to comment.
Bloomberg reported the news of the appointments earlier onSunday.
Goldman Sachs has been pushing to win deals in Saudi Arabiaand Abu Dhabi, where initial public offerings (IPOs) and mergersand acquisitions are on the up.
It landed a lead role https://www.reuters.com/world/middle-east/abu-dhabis-adnoc-adds-goldman-sachs-lead-banks-drilling-ipo-sources-2021-07-01in the IPO of ADNOC's drilling unit, sources said in July, init first such high-profile deal in the emirate since 2019.
Goldman's investment banking unit was sidelined from any newbusiness from Abu Dhabi more than two years ago after state fundMubadala's subsidiary filed a lawsuit against it to recoverlosses suffered through its dealings with Malaysia's fund 1MDB.
The lawsuit was dropped last year. REUTERS