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Company: EXPERTS
Are most Emiratis working in finance destined for a life in retail or commercial banking?
Every year, the Emiratisation quota imposed on banks increases, meaning they have to step up their efforts to encourage more locals into the sector. Yet, with such a limited talent pool available, is the government asking too much? In the public sector, where the hours are short and the work arguably less taxing, Emiratisation has [...]
REVIEW MY CV: Should I stay, or should I go back to Europe?
I’ve been spontaneously applying to just about every institution in the UAE and Bahrain, looking for a relationship manager role within an asset manager. After five months, I’ve managed to secure interviews within six different entities, but – despite making the shortlist – have not been offered any positions. I have 18 months experience as [...]
Saudi’s expat cull would stall the banking industry
The Saudi banking sector’s heavy reliance on expat talent (combined with its ongoing quest to seek out skilled local candidates) is a going concern. But with rising unemployment in the kingdom, pressure is mounting to sack legions of foreign workers. Is it about to shoot itself in the foot? In some rather astounding reports this [...]
Boutique investment bank eyes Gulf expansion
Exotix, a UK-based boutique investment bank with a focus on emerging markets, has kick-started its Dubai operations and says it has ambitious plans to expand in the region going forward. The bank has been given the thumbs up by the DIFC and has opened its new office with an initial workforce of just three, but [...]
Why project finance is still a good career bet
The project finance industry in the Middle East has had its fair share of problems over the last year – deal volumes have shrunk, projects have stalled and lending restrictions meant capital was hard to come by. But the Gulf remains a key player in this sector – projects managed to raise nearly $15bn in [...]
JP Morgan wants entire teams of private bankers in EMEA
JP Morgan is joining RBC Wealth Management on the European wealth management expansion wagon. Pablo Garnica, the head of its private bank in Europe, told Reuters that the bank’s, ‘targeting a 15 percent increase in headcount among senior, client-facing bankers through recruitment and may look to poach entire teams of experts or regional specialists.’ Garnica [...]
New breed of sophisticated risk manager required within UAE banks
An appetite for more sophisticated risk management tools from Middle Eastern banks is driving them to poach the more experienced talent from within Western and Far East rivals. A recent study by the British University in Dubai argued that UAE banks needed to be using a more diverse range of risk management tools and practices [...]
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 [...]
Asset management roles coming to Dubai?
Dubai is making a fresh push to attract more asset management firms to the region and is preparing to shake up its regulatory regime in an attempt to ensure new international entrants choose it as a base. The Dubai Financial Services Authority (DFSA) has created a panel of asset management experts to review its rules [...]
Risk recruitment ramping up in the Gulf
Risk management has been thrust to the top of the GCC financial institutions’ agendas this year, and experts in this space are slowly being pulled out of the doldrums to become key figures – at least within some organisations. According to a study into Middle Eastern banks’ risk management practices, the profile of the humble [...]
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