Credit Suisse is expanding its equity derivatives business in the Middle East to bring in both institutional clients and high-net-worth individuals in the region following a year of rapid growth in cash equities and derivatives trading volumes.

Simon Yates, head of global equity derivatives said: “The Middle East is one of the highest growth areas in equity derivatives globally. The region is desirable as it has a lot of wealth ready to be invested, plus the investors there are increasingly sophisticated.”