GF
Company: Nomura
If you want to work for an international bank in the Gulf this year, move to Saudi
There’s a message coming out of a number of international banks when it comes to their presence in Saudi Arabia – it’s time to expand. We’ve pointed to the fact that the likes of Nomura and BNP Paribas are expanding in the kingdom, and now other firms are talking about recruitment. Firstly, there’s Barclays’ wealth [...]
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 [...]
Who hired in the Middle East in March?
Except at the executive levels, new hires have been few and far between in the Middle East financial sector in March, which is indicative of the cautious job market currently. The Abu Dhabi Securities Exchange has named Mohammed Al Shazeli as market development officer. Barwa Bank, the Islamic institution, has named Hussain Al Abdullah as [...]
Six things you need to know if you want to work in Saudi now
If you’re looking for a new financial services role in the GCC this year, Saudi Arabia remains your best bet. But just how feasible is it to secure a new position? Here are six factors (both positive and negative) to bear in mind. 1) International banks are eyeing Saudi expansion, even when downsizing elsewhere in [...]
People are leaving RBS in Dubai – and Nomura is hiring some of them
RBS’s redundancies have started. The Financial Times said last year that the bank wanted to close down some of its middle east operations. This was never confirmed by RBS, but it emerged this week that the British bank is ending its equity research tie-up with Rasmala Investment Bank as it pulls out of equity sales [...]
Why investment bankers in the Gulf should be eyeing a move to VTB Capital
In the current climate, few firms are talking up expansion plans, which is why Russian investment bank VTB Capital’s international recruitment drive – including big plans for the Middle East – is garnering a lot of attention. Last year, VTB Capital hired 25 front office investment bankers for its overseas operation and has plans to [...]
This time next week, Goldman bankers should know their numbers: the bonus calendar for 2012
This time next week, bankers at Goldman Sachs should know their bonuses for 2011. Morgan Stanley will follow shortly after. Everywhere else will come after that. Here’s the bonus announcement and payment schedule for the next few months – as we understand it (feel free to suggest amendments if you disagree). Goldman Sachs Goldman Sachs [...]
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 [...]
Worrying signs that international investment banks are retreating from the Middle East
Crédit Agricole’s decision to move its MENA M&A team from Dubai to Paris is indicative of an increasing reluctance of international investment banks to maintain a significant presence in the region. Last week, the French bank revealed that it was closing its regional M&A division – a move that would affect five or six people [...]
Barclays is expanding, and other reasons for optimism about Gulf investment banking recruitment
Barclays is set to recruit around 30 people as it formally kick-starts its Saudi operation by offering investment banking and wealth management services in the kingdom. It’s also looking to hire elsewhere in the Middle East. Barclays Saudi Arabia was unveiled yesterday, as the bank looks to gain access to a market described by Benoit [...]
Follow eFinancialCareers
What is RSS?
Advice
