DUBAI—Carlton Group has established a new Middle East/North Africa (MENA) region, and tells GlobeSt. in an EXCLUSIVE, adding that Ed McClendon has been hired to lead the unit.

Carlton chairman Howard Michaels notes that McClendon is a highly-successful real estate investment banking and alternative investment executive with more than 30 years of real estate valuation and investment banking experience.

McClendon, who resides in Dubai, is a capital markets specialist who has raised billions of dollars of capital for domestic and global corporations and financial institutions through private equity investments, senior credit facilities, PIPES, mezzanine financings and negotiations with strategic partners for joint ventures.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.