Company: ING

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 [...]

By Paul Clarke, 22 July 2009 • 2 comments

Corporate bankers wanted to bring in liquidity

With liquidity tight just about everywhere, the GCC included, banks are in need of cash. This is creating roles for sales and relationship managers in corporate banking. The lack of liquidity is becoming a problem. Moody’s recently downgraded some local banks, which “reflected mounting liquidity pressures in the short to medium term”, according to John [...]

By Paul Clarke, 8 January 2009 • 1 comment

Global banks lay off Dubai staff

Morgan Stanley has confirmed that it is making up to 15% of its Dubai staff redundant, while rumours abound that other international firms are making similar cuts. Any thoughts that Dubai might offer sanctuary to out-of-work Western investment bankers must surely have gone out of the window, as struggling firms are forced to trim their [...]

By Paul Clarke, 1 December 2008 • 0 comments

Say hello to the new wave of European banks

With the likes of UBS, Deutsche Bank and Credit Suisse all heavily increasing their presence in the GCC recently, it’s easy to miss the raft of job opportunities at a number of Europe’s smaller financial institutions. This week Intesa SanPaolo, Italy’s second largest bank behind UniCredit, opened in the Dubai International Finance Centre (DIFC) to [...]

By Paul Clarke, 8 August 2008 • 0 comments

Fund managers tapping i-banking expertise

Fund managers’ increased demand for knowledge of complex financial products is a bridge too far for the current GCC talent pool, and firms are looking to investment banks to find the requisite experience. Research by KPMG has found that the appetite for complex products, such as derivatives, is on the up – with 57% of [...]

By Paul Clarke, 17 July 2008 • 0 comments

Five top female bankers in the Middle East

It may still be difficult for women to make it to dizzy heights on the career ladder in financial services in the Middle East, but, as these five prove, it’s not impossible… Maha al-Ghunaim MD and chairperson, Global Investment House (Kuwait) Al-Ghunaim is well known in Western markets and recently gained greater prominence: last week [...]

By Paul Clarke, 24 June 2008 • 4 comments

Fighting for fund managers

The Middle East’s global asset management aspirations are fuelling fund manager recruitment. With the likes of ING Investment Management rushing to open offices in Dubai’s International Financial Centre, fund managers are flavour of the month. Raed Sater, a partner at Edward M. Kelley & Partners, says there’s been a surge in demand for asset managers [...]

By Henry Harington, 18 September 2007 • 0 comments