Discover your dream Career
For Recruiters

Goldman Sachs MD quits to join brokerage in Abu Dhabi

A Goldman Sachs managing director who moved from London to Dubai before the financial crisis hit, has just taken a role heading up investment banking for a local player in Abu Dhabi.

Adam Clayton, a Goldman Sachs managing director who moved to Dubai in 2007, is now head of investment banking at ADS Securities in Abu Dhabi. ADS Securities is a forex and commodity trading house based in Abu Dhabi. It has around 270 employees. Clayton joined earlier this month.

He worked in structured credit sales at Goldman Sachs and went to Dubai at a time when the bank was building its Middle East team and relocating senior staff from the City. Goldman Sachs opened an office in the Dubai International Financial Centre in June 2007.

Dubai’s popularity among expat investment bankers surged after the 2008 when bulge bracket firms starting cutting hundreds of heads in London and New York. The mantra “Dubai, Mumbai, Shanghai or goodbye” was coined as bankers looked for sanctuaries away from the carnage.

For most moving to the Middle East, the move was a temporary measure, however. One of the highest profile moves was Alasdair Warren, now head of investment banking for EMEA at Deutsche Bank, moved to Dubai with Goldman Sachs in 2008. He lasted less than a year, however.

Contact: pclarke@efinancialcareers.com

Photo: Getty Images

 

author-card-avatar
AUTHORPaul Clarke

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
Relationship Banker - Beverly
Wintrust Financial
Chicago, United States
Experis
Sox Manager
Experis
Los Angeles, United States
Trafigura
AP/AR Analyst
Trafigura
Montevideo, United States
Trafigura
Senior Compliance Manager
Trafigura
Houston, United States
Trafigura
Oil Risk and Market Analyst
Trafigura
Montevideo, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.