The alternative investments unit at interdealer brokerage firm Tullett Prebon has expanded its global presence to the Middle East.
The London-based firm has opened an office in Dubai to service the Middle East market. According to a statement released by Tullett, the team in the new office will be responsible for the “origination and placement of third party alternative investment fund products to a wide range of investors across the Middle East and Australia."
The office will be headed by Gahtan Vahidy, who is now the head of alternative investments Middle East after being with the firm since 2010.
Separately, Dan Nolan has joined Tullett’s London team as a senior broker where he is in charge of hedge fund distribution in Europe. Nolan has extensive secondary market experience having specialized in trading illiquid assets while at Gamma Finance, and before that, Citco.
Tullett has over 1,500 brokers across its 22 global offices and has transacted more than $1.5 billion of secondary transactions since inception.