Has anyone heard of them? They acquired Danmarks Skibskredit (Danish Ship Finance) last year and have both a public and private investment team and are hiring at various levels.
Any info on who they are, wlb, comp, AuM would be much appreciated.
| +177 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 31 | 2h |
| +163 | UBS Tech layoff | 52 | 2d |
| +149 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 1d |
| +133 | Leaked Interview Questions to Recruiting Services | 59 | 3h |
| +65 | How do YOU manage networking requests? | 20 | 18h |
| +61 | Are target prospects getting dumber? | 27 | 1d |
| +34 | MBB Pay Raises | 26 | 3d |
| +24 | Investment Banking is Divine | 5 | 32m |
| +22 | US 2027 SA IB worried about background check | 8 | 4h |
| +21 | Earliest you can get fired | 7 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
From BBG:
A former trader at hedge fund startup has lodged complaints with regulators in Dubai and London against a senior executive, claiming what she described as “regulatory breaches” at the firm.
In complaints filed with the Dubai Financial Services Authority and Britain’s Financial Conduct Authority, Britney Lam alleged that the firm’s Senior Executive Officer Ahmed Omar tried to conceal his investment losses and prevented staff from flagging risks to an external compliance officer.
Lam departed Magellan late last year, just a few months after she joined the firm, and is no longer based in Dubai. A two-decade veteran of the financial industry, she was a key part of Magellan’s plan to start one of the biggest homegrown hedge funds in Dubai.
“The breaches committed by Mr. Ahmed as the SEO are alarming and pose as significant reputational risks for the DFSA and Dubai as a global financial hub with investment ethics,” according to the complaints, copies of which were reviewed by Bloomberg News.
Lam said she’d flagged her concerns in a whistle-blower letter to Magellan’s board before reaching out to the regulators.
“Magellan Capital Limited has not had any contact from its regulators about this and currently does not hold or control client money,” a spokesperson for the firm said. “Further, neither Magellan Capital Limited nor any of its group entities is regulated by the FCA.”
Omar didn’t respond to requests for comment, while Lam and representatives for Britain’s FCA declined to comment.
“We are aware of the matter; however, as a policy, the DFSA does not comment on whether it is conducting an investigation,” the Dubai Financial Services Authority said in a statement.
Magellan is expected to launch with about $700 million in capital to focus on running equity and credit strategies. Its seed capital comes from a wealthy Middle Eastern family.
Don't know about the article mentioned above, but know some people who work at this FO personally. Generally, I think it's a great place to work - if you consider all pros and cons of Dubai, of course. The founder sold his shipping business a few years ago basically making 1bn+, and decided to bring in talent and set everything up in a more institutional way. From my interactions with them I understand you can gain strong exposure early on as you're still "building out" the practice... if you like to step up and take ownership I would recommend this place.
Strategy-wise, they're focused on public markets (global), co-investments (global), direct lending (EMEA focus), direct investment (PE-style, EMEA focus). Leadership team when I met them was Hassan Elali, Ahmed Omar, and Omar Elali. Hope that helps
Oh hi Ahmed hope all is well
Bump
I applied a while back when they were recruiting and found that they dont respond to applications. I scheduled networking sessions, sent my CV to the obscure email hidden in their website.. Nada. I find out 3 months later they were being investigated by the DFSA for miscompliance? Bloomberg has an article that goes deeper but in a small country like Dubai, being associated with such funds can affect your reputation.
Idek why theyre still hiring interns
I was in early process for an associate role but withdrew due to only base of USD 110k and guided bonus of 120k (so TC 230k) which is below market compared to conversations with other HHs. In addition, their process frankly sucks with the first round being a 72hr take-home case study before you have even talked to anybody human. Don’t think they will manage to get anybody from a reputable background with that TC and a 1st round case study that requires so much time allocation from the get go
Hey, did you interview recently? And for which role? Can you please help with more details?
PM
Hey did you do the interview exercise? I wanted to know what to expect on the interview
No withdrew before when they shared comp figures simultaneously when sharing the case study
Est qui ut expedita unde vitae aut assumenda quas. Illum sit voluptas est quia voluptatem eveniet ut. Consectetur rerum occaecati earum rerum. Fugiat officiis fugiat dolores facilis in autem. Consequatur totam quod aut dicta rerum.
Voluptatem perferendis harum quod magnam quis odit. Cumque fugit perferendis debitis. Adipisci est est est ea quasi quibusdam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...