SOURCE: Floyd Associates

July 14, 2008 07:00 ET

Floyd Associates Comments on Recent Mobilization of Resources to the Middle East by Global Financial Institutions

Global Financial Turmoil and Glimmer of Hope in the Middle East

LOS ANGELES, CA--(Marketwire - July 14, 2008) - (Floyd Associates; Visit our Blog) - In recent months global banks have increasingly shifted their resources and management to the Middle East in the face of financial turmoil elsewhere. Deutsche Bank was the latest to announce the move of senior banker, Christophe Laing, to the Dubai International Financial Center. Laing is head of Deutsche Bank's equity capital markets for the Middle East and Africa as well as Eastern Europe.

Financial institutions around the world have written down around $400 billion as a result of the credit crunch and have raised $300 billion to repair their balance sheets. Shifting to the Middle East and committing to the oil-rich region is an obvious move to become closer to the riches of funds and governments in the area.

Others who have recently appointed senior management to the Middle East are Lehman Brothers, Citi, and Merrill Lynch. The major incentive is being close to sovereign wealth funds and their seemingly endless pool of capital. Estimates show that these funds shall grow to $15 trillion by 2016.

Floyd Associates recently announced the launch of advisory services related to Shariah compliance aimed at advising funds on the steps necessary to comply with Islamic investment guidelines. To read more about Floyd Associates please visit www.floyd-associates.com. If you have questions or comments, please contact us by email at info@floyd-associates.com or call us at: +1 (310) 300-0890.

About Floyd Associates

Floyd Associates is a privately held consulting firm with expertise in corporate finance, business strategy, and mergers and acquisitions. Our expert team advises companies of various sizes on capital raising instruments, optimal capital structures, and formation of strategic alliances. Capitalizing on years of experience, the Company offers complete solutions customized to meet the specific needs of each of its clients. The Company intends to form long lasting relationships with its clients and to maximize shareholder value through optimization of capital structure and business planning. Solutions include equity financing, business expansion plans, global corporate finance solutions, and international trade strategies.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Contact Information