Abu Dhabi: The sources reveal that a Caesar Maasry, a seasoned 19-year saluted banker from the premises of the Wall Street tycoon, Goldman Sachs Group Inc. , plans to cross the desert to join the consolidating Abu Dhabi-based investment firm Lunate Capital.
Employees are expected to wait for one month after the termination of their employment contract before joining a competitor firm; this waiting period is known as garden leave Maasry is expected to start working with Lunate Capital next month after serving his garden leave period. This information was provided by a source close to the internal structures of Lunate, who preferred not to disclose their name due to the confidentiality of the information Maasry will be promoted to the position of Head of Investment Research at Lunate. This firm has backing of Abu Dhabi’s heavy investment fund referred to as ADQ. Before this, he was serving in Goldman Sachs as Head, Emerging-Market Cross-Asset Research.
Neither Maasry nor Goldman Sachs could be drawn into commenting on the matter when approached, while a representative from Lunate Capital ignored our inquiry.
Lunate Capital that said it has $105 billion in Aum as of March is already emerging as a significant entity in Abu Dhabi investment arena. Specialties of the firm include private equity, venture capital, private credit, real assets, public equity and public credit.
Maasry has been working in Goldman Sachs and he started working in this company through joining the company as an analyst in 2005. He rose through the ranks in 2017 and was promoted to managing director of because of his expertise in the company.
It serves to Lunate Capital’s aim to increase the efficiency of its investment research as well as the rising dominance of Abu Dhabi in the international financial markets.
Bloomberg News reports.
