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Credit Suisse Saudi Arabia Equities Analyst Mejia Said to Leave

Feb. 26 (Bloomberg) -- William Mejia, who worked as a Dubai-based equities analyst at Credit Suisse Group AG, has left the bank, according to two people familiar with the situation.

Mejia covered Saudi Arabian banks at Credit Suisse, the people said, speaking on condition of anonymity because details of Mejia’s departure haven’t been made public. Sofia Rehman, a spokeswoman at Credit Suisse in London, declined to comment.

Credit Suisse is among international banks that reduced operations in Dubai last year as equity trading hovered near a six-year low and clients postponed initial public offerings. Credit Suisse is shrinking its Dubai operations in favor of Riyadh and Qatar, a person with knowledge of the plans said in December.

Credit Suisse’s second-largest shareholder is the Qatar Investment Authority.

To contact the reporter on this story: Mahmoud Kassem in Abu Dhabi at mkassem1@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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