DUBAI, Sept 18 (Reuters) - PJT Partners , a boutique investment bank, has entered into an agreement to buy Dubai-based advisory firm deNovo Partners, which is led by ex-Morgan Stanley Banker May Nasrallah, deNovo said in a statement on Wednesday.
"This acquisition builds upon the highly successful strategic alliance PJT Partners and deNovo entered into in 2020," deNovo said without disclosing the value of the deal, which is expected to close next month.
Nasrallah will keep her existing leadership role in the Middle East and also become part of PJT's senior team.
Founded in 2010, deNovo has a team of over 20 professionals. Its clients include corporates, government-related entities, and investors.
(Reporting by Federico Maccioni, editing by Kirsten Donovan)
((Federico.maccioni@thomsonreuters.com; +971 527370852;))
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