How can you boost your employability if you’re an investment banker working in a region where deals are in the doldrums? The answer, for some, is to start schmoozing with sovereign wealth funds. Michael Bevan, who headed up the equity capital markets operations of HSBC in the Middle East, is relocating to Hong Kong to focus on building relationships with sovereign wealth funds in Asia. He follows Evans Hajitouma, head of ECM for CEEMEA at HSBC who moved to London to head up the bank’s sovereign wealth fund coverage division late last year.
Then there’s Umair Naqvi, who left his role as an executive director in Morgan Stanley’s equity capital markets team to head up Wells Fargo’s SWF coverage. Bank of America is also building its investment banking team in the Middle East in an attempt to garner more business from the region’s SWFs………………………………………..Full Article: Source