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Monday, 8 October 2018

Rencap’s Ahmed Badr goes back to Credit Suisse to lead push into KSA

** #6 Rencap’s Ahmed Badr goes back to Credit Suisse to lead push into KSA: Our friend Ahmed Badr is set to rejoin Credit Suisse in Dubai four years after joining emerging and frontier specialist Renaissance Capital. Badr led Rencap’s push into Mideast markets and was a consistent advocate of the Egypt story, spearheading Rencap’s opening of a dedicated office in Cairo and landing the outfit its first Egyptian IPO. Bloomberg reports that Badr will become a managing director and “be responsible for boosting the Zurich-based lender’s equity operations in the Middle East and North Africa, according to two people with knowledge of his move. … The Saudi Arabian equities market will be his biggest priority, according to one of the people.” Badr was previously head of equities in Dubai for Credit Suisse.

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