GF
Company: Société Générale
A rare coup for Bahrain’s financial sector
In a rare piece of good news for Bahrain’s financial sector, it’s managed to beat off competition from the likes of Dubai and Qatar and attract an international wealth manager. In itself, the fact that Swiss firm Altaira Wealth Management has chosen Bahrain as its Middle East HQ isn’t significant, particularly as the office is [...]
A set-back for Saudi’s appeal
A poor second quarter for large Saudi investment banks and muted M&A activity during the first half of 2010 suggests that the kingdom may in fact not be the best place for regional bankers to base themselves. Arab National Bank, Samba Financial Group, Saudi Investment Bank, Riyad Bank and HSBC’s Saudi subsidiary SABB have all [...]
Who hired in the Middle East in November?
In spite of the turmoil surrounding Dubai towards the tail end of the month, November was still active in terms of new hires – investment banks, hedge funds, private equity firms and fund managers all added to their ranks. The Abu Dhabi Investment Authority has appointed Tom Arnold as head of Americas real estate. He [...]
Good year/bad year 2008
Was 2008 the year in which the Gulf bubble was popped? Not necessarily. Here we give our considered opinion on the highs and lows of 2008. 2008 WAS A GOOD YEAR FOR… Talent pool At the end of 2007 there was a talent shortage in the GCC and banks were vying over a limited pool [...]
Talent rush means banks can afford to be picky
Investment banking and capital markets revenues in the Gulf are tipped to swell by up to 25% a year. And as more bankers flock to the region in search of new job opportunities, financial firms are becoming increasingly choosy about who they take on. Richard Lett, head of banking at recruiters RP International, tells us [...]
Have clients, will move
Private banks in the Gulf are eager to stock up with private bankers, but only if they come equipped with a raft of high net worth clients. “Demand for private bankers has been increasing in the past 18 months…. There is greater opportunity to put money here. The money from the oil boom is staying [...]
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