Credit Agricole Cheuvreux, an equity broker, has received a license from the Dubai Financial Services Authority to operate from its newly established branch in the Dubai International Financial Center.
This enables Credit Agricole Cheuvreux (CA Cheuvreux) Middle East to formally launch its equity research, sales and execution arranging services from the Dubai International Financial Center (DIFC)
The Middle East equities research team, based at the DIFC, will initially cover about 50 regional stocks in the banking, telecommunications, transportation, real estate and industry sectors of the Gulf Cooperation Council (GCC) region.
Heading up the regional team will be Shehzad Janab, who previously spearheaded HSBC’s Middle East equities business before joining CA Cheuvreux. The Dubai research and sales team currently consists of four analysts, one strategist / economist and two regional salespeople.
Francois Simon, CEO of CA Cheuvreux, said: Our new DIFC team will offer our clients the same standards of independence and quality that underpin CA Cheuvreux’s reputation globally, to bring them the very best investment services on these exciting markets.