Perella Weinberg Bankers Break to Form New Boutique in Gulf (1)

Perella Weinberg Partners LP’s Middle East team of bankers left to start its own advisory firm in Dubai to get a slice of the buoyant market for deals and restructurings in the region.

Tarek Anabtawi, until December the head of Perella’s Middle East operations, and Jameel Akhrass, a senior adviser at the New York-based firm, have founded Resonance Capital and started the process of applying for a license. Anabtawi said they will be joined by former Perella colleagues Hesham Sbayteh and Ayman Anwar as partners.

ResCap won’t entirely cut its ties with Perella. The two firms are ...