GF
Company: Shuaa Capital
Who hired in the Middle East in April?
There were signs of life within the international banks in the Middle East this month, but much of the recruitment was largely replacement hiring or very senior appointments. Alpen Capital, the Middle Eastern investment bank, has named Edward Villiers, global head of financial institution sales and head of global markets at Rabobank, as a member […]
Who hired in the Middle East in March?
After a quiet start to the year, a number of both local and international banks have unveiled some senior appointments during the month of March. Barclays Natural Resource Investments has bolstered its Qatar team with the appointment of Jongghun Lee as managing director. Citigroup has appointed Sharad Gupta as head of its Bahraini corporate banking […]
After the bombs stop, the bankers move in
More financial professionals are risking life and limb to move into frontier markets in the Middle East like Iraq and Libya in an attempt to grab an early foothold in these potentially massive markets. Such a move is not for the faint-hearted; roadside bombings and kidnapping of foreign businessmen are still common in Iraq where […]
Who hired in the Middle East in December?
As is typical in the final month of the year, few new hires were announced in the Middle East financial sector, but some significant recruits were unveiled. AIKhabeer Capital has hired Dr Henri Chaoul as chief investment strategist. BDO Bahrain, the accountancy firm, has named Arshad Gadit as partner within its audit services division, with […]
What Shuaa’s new strategy plan says about the state of investment banking in the Middle East
After a period of restructuring, Shuaa Capital – once the eponymous investment bank representing the growth prospects of the Middle East – is positioning itself for the new financial services landscape in the region. What does this tell us? Ever the one for corporate clichés, Shuaa has rolled out what it calls its “strategic, operational […]
Redundancy payments weigh heavy on Shuaa; here’s where it has been hiring
After stripping out around 60% of its employees over the past year, Shuaa Capital is likely to save AED60m a year in expenses, which is expects to bring it back into the black going forward. There are still some opportunities at the firm, however. Shuaa’s second quarter loss amounted to AED15.9m ($4.3m) from an AED0.6m […]
Who hired in the Middle East in June?
The summer lull is starting to take hold. After a relatively active month during May, the number of new hires in the Middle East financial sector has slumped again in June. Barclays has named Oliver Baillie as head of cash management, UAE and GCC. He has relocated from the UK. Barclays Wealth has made some […]
Are regional Middle East investment banks starting to go global?
It’s no secret that investment banks in the Middle East are having a hard time currently. Headcount has been pared back in the international players as deal activity has dried up, but redundancies have been most prolific within the regional behemoths. A few examples of regional investment banking players that have been forced to roll […]
Shuaa caps job cuts at a mere 60% of total headcount
As statements go, the one from Sheikh Maktoum bin Hasher Al Maktoum, executive chairman of Shuaa Capital, saying that the bank’s redundancy programme has finished isn’t exactly comforting – it’s already reduced headcount by 60% since this time last year. There are various euphemisms for redundancy – cost efficiencies, realignment, reshaping our cost base – […]
Who hired in the Middle East in April?
While many firms have announced their intentions to hire in the Middle East this month, the majority of new hire announcements were restricted to the senior ranks. The Abu Dhabi Investment Authority has reportedly hired Christophe Florin, currently chief operating officer for Axa Private Equity, to head its emerging markets private equity team. This is […]
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