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These are the jobs that CFA Charterholders do in the UAE and these are the financial services firms that employ them
Are you thinking of studying for the CFA Charter? Are you wondering whether the CFA is relevant to your profession and who might employ you when you’ve completed all three exams? The CFA Institute has all the answers. A new tool shows precisely how many people have gained the CFA Charter in each country, and what they [...]
It says something that more than 100% of Standard Chartered’s retail branches are managed by Emiratis, but only 42% of its total workforce in the UAE are nationals
As we’ve highlighted before, it’s a struggle for banks to find enough Emiratis to fill their Emiratisation targets – especially in investment banking. New figures from Standard Chartered highlight the extent of the challenge. Whilst 100% of the bank’s branches are managed by UAE Nationals, suggesting it’s comparatively easy to find senior Emiratis to work [...]
In almost every business area, JPMorgan is now the place to be – but it’s not paying. Standard Chartered is hiring – but it’s not paying either
The banks with the wherewithal to hire in this market are not those that pay well. Yesterday (as we noted), Jes Staley, CEO of JPMorgan’s investment bank, made an investor day presentation. During this presentation, Staley said that, if it wanted JPMorgan could have started a “compensation arms race” had it wanted, as its [...]
Financial professionals from Europe, the US and Asia are suddenly interested in the GCC
Remember late 2008 when, post-Lehman’s collapse, financials services professionals were suddenly viewing the seemingly sheltered Middle East as the place to be? Well, this may be wishful thinking, but there’s now a renewed interest in the region from those in Western markets. “From a candidate perspective, the Middle East financial centres have become much more [...]
BNP Paribas has opened a new back-up office in Dubai, but it’s not as easy to get out of Bahrain as people think
BNP Paribas has opened a new office in Dubai which will serve as an emergency back up for staff in the region. Part of this is to accommodate a number of back office employees transferring from its Manama operation, but it’s also something of a safe house should things take a turn for the worse [...]
GUEST COMMENT: I am coming to love my life in the middle office
There was a time when I wanted to be a trader. Ok, so I do still want to be a trader a little bit. However, I am currently working in a middle office credit role and I would like to make one thing very clear: this is an interested role. Working in the middle office, [...]
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 [...]
Blog for eFinancialCareers: Tell us what it’s really like working in the Middle East financial sector
eFinancialCareers is on the hunt for some financial services professionals in the Middle East to blog (anonymously) for us on a regular basis, giving us the real inside track on working life in the region. The choice of topic has to be related to the financial sector, but from then on it’s up to you. [...]
The number of employees in the DIFC increased by 6% last year
With all the talk of downsizing and global firms retrenching from the Middle East, it’s slightly reassuring to note that the number of people employed within the Dubai International Financial Centre (DIFC) has increased by around 700 over the last year and that the number of new firms operating there rose by 7%. There are [...]
Goldman Sachs explains how it’s now producing 2006-style revenues with far more people, far less profitably
In case you were wondering what’s going on at Goldman Sachs, CFO David Viniar stood up at the Credit Suisse financial conference last week and delivered a little explanation. “Many investors remind us that our 2011 revenues were more consistent with revenues that we generated six years ago, but our head count (sic) is higher [...]
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