One of Goldman Sachs' most senior bankers in the Middle East has left for a rival in a move that strikes a blow to the US investment bank's ambitions in the region despite today advising a lucrative merger between two local banks.

Ziad Awad, formerly head of debt finance, Middle East, for Goldman Sachs in Dubai, is to join Merrill Lynch as a director of debt capital markets after a period of gardening leave.

Duncan Kerr

Goldman Sachs

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Middle East debt chief departs Goldman

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