Freshfields Bruckhaus Deringer global head of Islamic finance Tarek El-Assra has quit the firm to join Morgan, Lewis & Bockius as a partner, as the Morgan Lewis targets the United Arab Emirates and Saudi Arabia. El-Assra joins Morgan Lewis’ Dubai office in a bid to build its cross-border Islamic finance and investment offering specifically targeting the UAE and Saudi Arabia. The departure is Freshfields’ second exit in recent weeks after Shearman & Sterling hired its co-head of telecoms, media and technology, Frank Miller, as the latter firm bids to pull in a greater array of M&A in the City.
Freshfields Bruckhaus Deringer has hired an Allen & Overy lawyer as its first-ever global head of Islamic finance.
Tarek El-Assra is the new counsel in the firm’s Dubai office.
The appointment comes after the news less than a month ago that partner Pervez Akhtar, hired from A&O in December, had been promoted to the role of regional managing partner for the Middle East and North Africa.