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Credit Suisse appoints new Middle East real estate head

Former Dubai Investment Group real estate chief Duncan Macaulay has joined Credit Suisse in Dubai to oversee its Middle East market.

Credit Suisse has appointed Duncan Macaulay as a managing director and head of real estate in the Middle East to be based in Dubai.

“Duncan brings to the Bank strong relationships and will be an excellent addition to the team as we look to develop a leading real estate platform in the Middle East and deliver the full capabilities of the Bank to our clients in this key growth market,” Bassam Yammine, co-chief executive and head of investment banking in the Middle East, said in a statement.

Macaulay will report to Yammine and Rob Brennan, head of global real estate finance and securitization.

Macaulay joins Credit Suisse from Dubai Investment Group, where he was chief executive officer of its real estate and hospitality group and was responsible for sourcing and executing global real estate and hospitality investments. Prior to this, Macaulay spent seven years with Highland Capital advisory group in New York and London working with private equity funds and real estate developers. Macaulay was a founding partner at Highland. In his previous careers, Macaulay established Heller Macaulay Equities in New York and also served as an investment principal with Investcorp International and Abu Dhabi Investment Authority.

Macaulay is a fellow of the Royal Institution of Chartered Surveyors and holds a bachelor’s degree in Land Economics from Paisley College, Glasgow.