- Dubai managing director Rami Touma to become MENA head in 2017
- Van Slingelandt to take on responsibility for European clients
Yorick van Slingelandt, the head of Moelis & Co.’s Middle East North Africa business, is taking up an expanded role at the merger-advisory firm’s European business and will move to London, according to an internal memo seen by Bloomberg News.
Van Slingelandt, based in Dubai, will maintain his role in the Middle East and also focus on industries including European transport and infrastructure before relocating to the U.K. capital in 2017, co-presidents Navid Mahmoodzadegan and Jeff Raich wrote in the memo. Rami Touma, a managing director at the firm’s Dubai office, will take over from Slingelandt after the transition, according to the memo, whose contents were confirmed by a bank representative.
Since opening its Dubai office in 2011, the investment bank started by Wall Street veteran Ken Moelis, has advised on transactions including the $25 billion debt restructuring of state-owned conglomerate Dubai World and port operator DP World Ltd’s $2.6 billion acquisition of Dubai’s industrial parks operator Economic Zones World FZE last year.
Van Slingelandt joined Moelis in 2011 from JPMorgan Chase & Co where he worked as a mergers and acquisitions banker. Touma joined the advisory firm last year from Credit Suisse Group AG where he was head of the bank’s investment banking business in Qatar.
Moelis named co-founders Mahmoodzadegan and Raich to newly created positions as co-presidents last month.