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Opportunities coming at new UAE regulator and EBRD
Shake-ups are coming to the way that financial services firms are regulated in the UAE and job opportunities are being created. At the same time, the European Bank for Reconstruction and Development (EBRD) is targeting the Middle East and hiring for its new offices. Firstly, there’s the new beefed Securities and Commodities Association, which has [...]
Coutts is hiring. Be aware that it only wants senior people and may pay a very big base and quite a small bonus
Coutts has let it be known that it’s looking for private bankers. In today’s Financial Times, Michael Morley, chief executive of Coutts UK, elaborates on the bank’s appetite for hiring. Morley says Coutts wants ‘senior executives’ in the UK, the Middle East, Asia, Switzerland and eastern Europe. 20 senior executives have come already, says Morley. [...]
Barclays’ MENA expansion plan is kicking off
Barclays is expanding in the Middle East and has plans to hire as many as 100 people over the next six months. This already appears to be kicking off. The bank has named Alexander Harrison as head of debt finance, UAE and GCC, and this is expected to be an area of expansion for the [...]
Q&A: RBS’s Middle East CEO on why arrogance has no place in investment banking
Simon Penney, chief executive for the Middle East and Africa at Royal Bank of Scotland, who oversees its investment banking activity in the region, has been with the same firm for over 12 years. You might assume, therefore, that he’s not the overly adventurous type. The reality is, however, that he has travelled the world [...]
An international Islamic investment bank is looking to expand in the Middle East
For all the pomp around Islamic finance, it’s still rare that a dedicated Islamic institution actively talks up expansion plans, particularly in more sophisticated areas of the industry. However, Bank of London and the Middle East is moving into the region and talking about growth, particularly in its private and corporate banking business, according to [...]
If you work anywhere in investment banking, you should familiarise yourself with Stuart Gulliver’s vision of the future
Today is HSBC investor day. Stuart Gulliver made a presentation. So did Sean O’Sullivan (COO) and so did Ian McKay (CFO). You may think HSBC is no massive deal in investment banking. But this would be wrong. In the first quarter, net revenues in the investment bank were $5.6bn, versus $8bn at Citi, and $4.7bn [...]
Last week, the CEBR predicted bonuses will fall 48%. This week, a renowned pay consultant says they’ll rise
Alan Johnson, the Wall Street pay consultant who works with numerous Wall Street banks, and Credit Suisse has produced his first set of bonus predictions for 2012. Given his exposure to actual banks, you’d think Johnson knows what he’s talking about. This is good, because he thinks bonuses will increase in 2012. Johnson thinks FICC professionals [...]
Q&A: JPMorgan’s Asia Pac CTO says JPMorgan is hiring 100 technologists in Singapore and that people like working there so much that only 3% leave
We spoke to Stewart Carmichael, chief technology officer of JPMorgan in Asia Pac. This is what he told us. Q: Did you always want to work in financial services? No, I originally joined a technology firm because I was looking to leverage on the education I had in computer science. Twenty five years ago, there [...]
The unspoken nightmare faced by non-EU nationals working in the City of London today
Many non-EU nationals working in the City of London are being heavily penalised under new immigration rules which came into force in April. Most notably, a high proportion of non-EU nationals who lose their jobs in the City of London are now obliged to leave the country for a year before they can come back [...]
Goldman’s global head of growth markets succinctly explains how investment bankers can ensure they’re never without work in future
Goldman Sachs has been making videos and placing them on YouTube. They don’t appear particularly popular: some only have a handful of hits. Some appear to have none at all. However, this one, featuring J. Michael Evans, its global head of ‘Growth Markets’, deserves some attention. In it, J. Michael volunteers a perspective on what [...]
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