The new office is managed by Chris Steer and he is joined by Callum McCall and David Barnett. All three have transferred from GFIâs office in London. GFI is also retaining the services of Jonathan Peevers, who has 20 yearsâ experience in Gulf financial markets.
âWe believe there are great opportunities in the Middle East and GFI will be transacting Murabaha business and broking Middle East debt and other Gulf-region financial instrumentsâ, said Mr Steer. âWeâll be servicing clients both locally and internationally and, longer term, we expect to expand this office and the products offeredâ.
In 2006, GFI set up a London desk to develop a secondary market in Islamic bonds (Sukuk).