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Goldman gets ready for fund-raiser rush rush
16 Feb 2009Banking: Goldman Sachs has recalled its most senior executive in the Middle East to help it cope with a predicted rush of money-raising by companies in the UK and Europe.
Alasdair Warren was posted to Dubai just over a year ago to head the bank's operations in the region but demand for his services in the Gulf has since been outstripped by that from London.
Warren was previously co-head of Goldman's UK operations, and has vast knowledge of equity capital markets.
He has increasingly been returning from Dubai to work on deals in London, according to Financial News.
Goldman has predicted European c ompanies will raise as much as €300 billion (£269 billion) of new capital in 2009, with the vast majority going to UK businesses.
The bank has recently been involved in some of the biggest rights issues, including Standard Chartered, Italian defence group Finmeccanica and Centrica.
Warren's return comes as the Gulf region's amazing growth has been slowed by the global credit crunch.
