Skip to main content
//empty //empty

The skyline of Dubai shows the Burj Dubai Tower, the tallest tower in the world January 4, 2010.

Ahmed Jadallah/Reuters

Canaccord Genuity Group Inc. is planting its flag in Dubai with an eye on deals beyond the energy sector.

The firm is relocating Sachin Mahajan, managing director of mergers and acquisitions, to the most populous city in the United Arab Emirates in order to work on deals for clients in the Middle East, North Africa and South Asia. The small office and investment banking team will be up and running by the second quarter of this year, and will work closely with Canaccord Genuity's offices in London and Tel Aviv.

Canaccord's big goal is to advise clients on M&A activity in the region, where the firm sees opportunity to grow its business outside of mega deals. Canaccord Genuity wants to reach "investors with increasing demand for exposure to global mid-market investment opportunities," said Paul Reynolds, chief executive of Canaccord Genuity. Clients include high net worth investors, family offices and institutional investors seeking returns.

Story continues below advertisement

The slump in oil prices could mean less wealth being generated in the region, but that change may have heightened the demand for investment opportunities outside the energy space. Canaccord Genuity is focused on the diversified industries space, which traditionally includes sectors such as industrial, building, consumer products and chemicals.

Mr. Mahajan already spends a lot of time commuting to these parts of the word, as well as to India, and plans to build on existing relationships there. He was with Genuity when it started in 2005, and has worked on major M&A, restructuring and refinancing deals in the last decade.

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies