Bank of America Energy Banker Relocating to Dubai as Deals Surge

A senior Bank of America Corp. dealmaker is relocating from London to Dubai, according to people familiar with the matter, as transactions in the Middle Eastern energy industry boom.

Shoaib Noormahomed, a managing director in the bank’s natural resources and energy transition group, is moving to the Gulf emirate to help bolster the team’s efforts in the sector, said the people, asking not to be identified as the matter is private.

The move comes amid rising activity by state-owned energy giants like Saudi Aramco and Abu Dhabi National Oil Co.Noormahomed joined Bank of America in 2019 after almost ...