GF
Company: Deutsche Bank
Arguably the safest banks to work for in Middle Eastern M&A and DCM
The volume of debt capital markets (DCM) deals in the Middle East has been steadily increasing for some time now, but investment banks have still largely been reluctant to increase their headcount in this area. This could change if the current surge in activity continues. In the first quarter of 2012 debt issuance in the [...]
Goldman has 12,000 VPs and only promotes 261 MDs annually. There appears to be a less than 1% chance of getting promoted
The Greg Smith debacle has thrown up an interesting and potentially depressing statistic: Lloyd Blankfein wrote a memo pointing out that Smith (allegedly a Vice President or VP) was only one of 12,000 vice presidents at the bank. Goldman employed 33,000 people at the end of 2011, suggesting a massive 40% of its staff are VPs. [...]
Business area by business area, these are the global market leaders. These are the bit players
We are continuing to mine the trove of information that is the new banking report from JPMorgan. Included within it are the following excellent tables on the expected market shares of each bank globally by product area in 2013 (note that JPMorgan itself is absent). Needless to say, the industry is dominated by a few [...]
Financial professionals from Europe, the US and Asia are suddenly interested in the GCC
Remember late 2008 when, post-Lehman’s collapse, financials services professionals were suddenly viewing the seemingly sheltered Middle East as the place to be? Well, this may be wishful thinking, but there’s now a renewed interest in the region from those in Western markets. “From a candidate perspective, the Middle East financial centres have become much more [...]
When accounting anomalies are stripped out, these are the banks – by business – that really performed in 2011
Jon Peace, an MD of banks research at Nomura, has kindly shared with us his clean figures on leading banks’ performance by business areas in 2011, with the effects of DVA stripped out. They provide a reliable indication of which banks’ businesses really outperformed in 2011 and which banks’ businesses really didn’t. There are some [...]
Everything we know so far about bonuses and deferrals, bank-by-bank
As a follow-up to our earlier article on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Bank of America Cash bonus cap? Yes, but it [...]
Equity researchers in the Gulf need to seriously start considering their career options
With trading volumes on GCC stock markets in the doldrums for some time now, demand for quality equity research has dwindled. The latest bank to pare back headcount in this area is Shuaa Capital, which revealed yesterday that it would be making five staff in its research department redundant, while also redeploying others. Credit Suisse, [...]
Who hired in the Middle East in December?
Despite the year-end, December was a relatively active month for recruitment, but most new hires were at the very senior end. The Abu Dhabi Investment Authority has hired Benjamin C. Weston as global head of alternative investments. He joins from Helvetica Wealth Management Partners, where he was CEO. Clyde & Co, the law firm, has [...]
2012: What will go up and what will go down in Gulf financial services recruitment?
This year was one of upheaval for the Middle East as a whole, yet one of relative inaction in the financial services recruitment sector as most firms remained cautious because of regional concerns and escalating problems elsewhere in the world. Comparatively speaking, the Middle East financial sector has remained resilient in the wake of turmoil [...]
Who hired in the Middle East in November?
A number of international investment banks have named new regional heads in November, but generally the number of new recruits announced during the month has been relatively few. Ajman Bank has a new head of branches in the emirate of Ajamn in Marwan Ibrahim Al Zarooni. Australia and New Zealand Banking Group (ANZ) has opened [...]
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