Barrenjoey Capital Partners, the Sydney-based advisory group run by former UBS heavyweights, has chosen to establish its offshore fixed-income trading unit in Abu Dhabi, preferring the fast-growing Middle Eastern hub to London or New York.
The firm said on Monday that it had begun to offer fixed-income sales and trading services in the Abu Dhabi Global Markets, or ADGM, an economic free zone on an island within the capital of the United Arab Emirates.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
