GF
Company: Deloitte
Who hired in the Middle East in January?
For the time of year, the number of new hires announced in the Middle East financial sector was relatively modest, with a focus on wealth management or very senior recruitment. Barclays has unveiled Kersi Patel as head of trade and working capital. He joins from HSBC. Barclays Wealth has announced the appointment of Faisal Shaker [...]
A little look at the financial services jobs on offer in Lebanon
The father of Carlos Slim, the world’s richest man, was an immigrant who fled violence in his native Lebanon for Mexico. In the 1970s, there was an exodus of bankers from Beirut amid the civil war in Lebanon. Today, the economic challenges coming from events in Syria mean Lebanon’s banking sector is under close scrutiny [...]
Six areas where there are more jobs than candidates
So far, 2011 has proven to be a little disheartening for those awaiting the great revival in fortunes of the Gulf financial sector jobs market. But while the overall picture is subdued, some roles remain a challenge to fill. Here are the six areas where you’re most likely to find success: Analyst and associates within [...]
Gulf growth plans among Big Four firms
The Big Four accountancy firms have (relatively) big plans for the Middle East, which is likely to create something of a talent shortage in the not-so-distant future. PwC unveiled its annual results this week and the Middle East has proven a growth market for the firm. Revenues increased by 17% in the region year-on-year – [...]
The understated Big Four Middle East recruitment frenzy
PricewaterhouseCooper’s bid to become the dominant Big Four accountancy firm in the Middle East has created something of a poaching frenzy. It has recruited more than 20 partners from Ernst & Young in the Middle East as well as hiring 25 new partners and 400 staff in the region, according to a report by the [...]
Dubai asset sales could provide much-needed work for regional investment bankers
Dubai Inc is being urged to sell some of its international trophy assets as part of the ongoing restructuring of its $22bn debt. This is, of course, likely to necessitate some much-needed advisory work for investment banks in the region, but sadly recruitment seems unlikely as a result. Moody’s says that Dubai World needs to [...]
Why hiring may soon return to the Middle East private equity industry
This has been a year of pessimism for the Middle East’s private equity industry, during which firms sat on existing portfolios and the number of new deals crashed. Now, however, there are signs that activity is about to kick off again, and with it comes a renewed appetite to hire. MENA private equity funds closed [...]
Gulf SWFs look to international investment banks for M&A teams
Gulf sovereign wealth funds have been stretching their influence beyond the region this year and getting involved in a large number of global M&A deals. As a result, they’re looking to recruit investment bankers with experience in international firms. SWFs in the UAE have been involved in M&A deals worth over $9.3bn in the first [...]
Too many private equity professionals, not enough jobs
The Gulf’s “golden age” of private equity could be over before it has really begun. Some firms have made redundancies, and those that are hiring are faced with rich pickings of top talent. Investcorp, the Bahrain-based alternative investment and private equity firm, cut staff compensation costs by nearly 50% for the second half of 2008 [...]
Deloitte eyes Middle Eastern expansion
Dubai’s not dead yet, at least for Deloitte, and it’s embarking on a recruitment drive to bolster its Middle Eastern presence across a range of businesses. The Middle East still has massive growth potential over the long term reckons Deloitte, and it’s intending to come good on the promise it made in September to bolster [...]
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