Discover your dream Career
For Recruiters

Newly promoted Morgan Stanley MD quits for hedge fund

Dubai might be best known for its popularity with Love Island enthusiasts and aspirants, but it's also becoming a haven for hedge funds. And those funds are attracting managing directors (MDs) from banks in London. 

Ankur Saboo, a 14-year-veteran oil, power, and gas options trader for Morgan Stanley in London, has succumbed to Dubai's charms.

Sakoo is moving Dubai to trade more of the same as a portfolio manager with Verition, the “really nice” hedge fund. He's doing so despite only being promoted to MD at Morgan Stanley in January. 

Verition announced that it was opening a Dubai office last week. That office being headed up by another Morgan Stanley alumnus – Saad Mahmood, who left the bank in November last year to join Verition. Mahmood was in Morgan Stanley’s institutional equities team.

Dubai is a fast-growing regional hub for hedge funds. Reuters reported last week that a number of hedge funds had set up shop in the city, attracted by “lower licensing fees and capital requirements,” including Millennium, ExodusPoint, and (not-a-hedge-fund) BlueCrest.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORZeno Toulon Reporter

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Recruitment Intelligence Consultants Limited
MULTI-ASSET ANALYST / SR ANALYST
Recruitment Intelligence Consultants Limited
Hong Kong
Octavius Finance
TMT Long/Short Equity Analyst – Hedge Fund- London
Octavius Finance
London, United Kingdom
Edgworth Partners
Senior Investment Analyst, Infrastructure Private Equity
Edgworth Partners
London, United Kingdom
Deutsche Bank
Investment Manager, Private Equity
Deutsche Bank
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.