GF
Company: Abu Dhabi Islamic Bank
Battle of the private banks: international versus regional players
Even in the relatively buoyant wealth management sector, international banks have taken their foot off the gas when it comes to expansion. Now, however, they’re facing some tough competition retaining people from high-paying regional players. From a career perspective, which what are the advantages of working for each? The likes of Barclays Wealth, Credit Suisse, [...]
GUEST COMMENT: The poaching frenzy in Gulf wealth management
Wealth management has stood out as being something of a hive of recruitment activity within the Middle East financial services sector recently. However, with talent on the ground limited, many banks are chasing the same pool of people. The motivations for international banks increasing their wealth management presence in the Middle East are obvious: wealth [...]
Actually, Middle East wealth management isn’t in the midst of a recruitment frenzy
On the face of it, wealth management has stood out as a sector offering healthy levels of recruitment in the Middle East throughout this year. But do the ongoing high-profile hires really point to a buoyant market? Certainly there are numerous positive signs. For a start, there’s the assertion from this year’s Merrill Lynch-Capgemini World [...]
Our predictions for Middle East financial services hiring in 2010
After the recent turmoil, it’s possible that the coming year could provide something of an acid test for the lofty ambitions of the Middle Eastern financial sector. Here’s our considered opinion on potential hiring activity in 2010. 2010 could be a good year for: Private equity: The huge volume of ‘dry powder’, or non-invested capital, [...]
The rare opportunities in retail banking
Retail banks in the UAE have been hit hard by reduced income from lending and fees this year, and are looking to cut costs. Sadly, this means there’s likely to be little in the way of recruitment, and possibly more redundancies, but some bright spots remain. “After some first movers began to cut costs as [...]
Will local banks start slashing in 2009?
With multi-national banks trimming headcount in the GCC, some big-hitting local banks have stepped forward with reassurances that they won’t be making redundancies. However, some think this is slightly optimistic and even if they do hold fire, recruitment is set to tail off going into next year. The likes of Emirates NBD, Abu Dhabi Commercial [...]
UK doesn’t want Gulf’s Islamic talent
If you’re an Islamic finance professional based in the Middle East and are hoping to penetrate the UK market, the message is clear – don’t bother. The Middle East might be a more mature market in this space currently, but London is intent on developing its own talent. Gatehouse Bank, a recently-established UK-based Islamic finance [...]
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