Aon Risk Services said it has opened a new mergers and acquisitions service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa region.
The launch follows last week's announcement that Aon opened a new regional headquarters in the Dubai International Financial Centre.
Aon said it made the move given the increasing appetite of Gulf-based sovereign funds and companies for expansion both domestically and internationally.
Tim Davies was named director of the new group. He has 20 years experience in global commercial insurance, including the last eight years working with the private equity industry, the company said.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.