EFG Hermes bonus cuts risk investment banker exodus

EFG Hermes bonus cuts risk investment banker exodus

EFG Hermes decision to slash its bonus costs is sensible, but the investment bank still risks an employee exodus. The bank announced today that it was aiming to…

Who is Philip Southwell, Bank of America Merrill Lynch’s new MENA head?

Who is Philip Southwell, Bank of America Merrill Lynch’s new MENA head?

According to various reports this morning, Bank of America Merrill Lynch has hired Philip Southwell, regional investment bank EFG Hermes' first CEO for the GCC region, to run…

The DIFC is no longer a sanctuary if you receive a labour ban

The DIFC is no longer a sanctuary if you receive a labour ban

If you're unfortunate enough to leave your employer under acrimonious circumstances in Dubai and receive a six-month labour ban, you can no longer find sanctuary in the DIFC.…

Shuaa’s redundancy announcement couldn’t have come at a worse time

Shuaa’s redundancy announcement couldn’t have come at a worse time

Pity those in the back office of Shuaa Capital - the bank is targeting its administrative functions for redundancies at a time when few investment banks have any…

Banks face an uphill struggle convincing staff to stay in Bahrain

Banks face an uphill struggle convincing staff to stay in Bahrain

International banks with a large presence in Bahrain are reiterating their commitment to the kingdom after the recent unrest, but face an uphill struggle keeping hold of staff…

HSBC is making redundancies in the Middle East, should you be worried?

HSBC is making redundancies in the Middle East, should you be worried?

HSBC is implementing the second round of redundancies in the MENA region in two years. Again, the proportion of staff affected is minimal (at 3%), but this time…

Questions to expect in asset management interviews, and answers employers want to hear

Questions to expect in asset management interviews, and answers employers want to hear

Coming up with model questions asked within asset management firms in Scotland is as difficult as coming up with a model answer that's guaranteed to blow any potential…

Life lessons from a homeless banker

Life lessons from a homeless banker

Luck is an undeniable factor in life. Aged 50, French banker Jean-Paul Allou has had more than his fair share of bad luck. His first became ill with…

Barclays offers 120-strong Dubai-based team a choice: redundancy or relocation

Barclays offers 120-strong Dubai-based team a choice: redundancy or relocation

Over 120 staff in Barclays Africa headquarters in Dubai are being offered an unenviable ultimatum - redundancy or relocation, as the bank shifts the operation to a new…

International investment banks have pressed the pause button on Gulf hiring plans

International investment banks have pressed the pause button on Gulf hiring plans

Investment bankers in the Middle East hoping for increased employment opportunities in 2011 were relying on one key factor - a strong start to the year. Sadly, this…

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