GF
Your search results:
Fearful US bankers putting out feelers to Gulf markets
US staff fearing the chop are increasingly scoping out opportunities in the Middle East. Over the last year more than 20,000 US financial professionals have been axed, according to US payroll company ADP. And things only look to get worse, with Bloomberg unleashing the pessimistic prediction that 175,000 finance jobs will go over the coming [...]
Would you take a passage to India?
Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region – Swiss rival UBS is also looking to double its Indian headcount and the likes of Merrill Lynch and Citi are also building their business on the subcontinent. M&A deals in India are [...]
Say hello to the new wave of European banks
With the likes of UBS, Deutsche Bank and Credit Suisse all heavily increasing their presence in the GCC recently, it’s easy to miss the raft of job opportunities at a number of Europe’s smaller financial institutions. This week Intesa SanPaolo, Italy’s second largest bank behind UniCredit, opened in the Dubai International Finance Centre (DIFC) to [...]
The qualifications question, Part 3: Masters in Finance
Armed with a Masters in Finance degree and industry experience, Western graduates from the class of 2008 are looking to the Middle East as an increasingly attractive option. Should you be worried? The cost of a Masters in Finance (MiF) at London Business School comes in at a hefty 29.7k ($59.4k). After such an investment, [...]
Do bankers deserve to earn more in the Gulf?
What with tax-free salaries and fierce competition for talent, the GCC is fast becoming a location of choice for Western bankers. But pay is fast being eroded by spiralling inflation. Should banks in the Gulf increase pay accordingly? For bankers based in the GCC, the most obvious answer is yes. Before tax, bankers in the [...]
IPO explosion fuels rising demand for ECM staff
Equity capital markets (ECM) has been teetering on the edge of exploding into action in the Middle East, but now it’s in full flow. ECM professionals are, therefore, increasingly becoming hot property. At least 120 initial public offerings (IPOs) are planned in the GCC through to 2010 as more and more firms turn to equity [...]
Think Dubai’s expensive? Try living in London or Moscow…
Escalating property prices and double digit inflation might be touted as reasons for failing to attract expat talent to Dubai, but the Emirate has actually tumbled down the world’s most expensive cities rankings. Dubai comes in as the 52nd most expensive city in the world, down from 32nd last year, while Abu-Dhabi is number 62, [...]
More opportunities in retail banking
Lloyd’s TSB, the UK bank, is planning to open a full-scale branch network in the GCC, in a sign that more international banks are going to make efforts to break the branch restrictions currently placed on them by regulatory authorities. Local banks in the GCC offer far more job opportunities at the moment. They currently [...]
UAE banks throw spotlight on risk managers
UAE firms are taking pre-emptive measures to ensure that the carnage in the Western banking world doesn’t happen here: they’re bolstering their risk management teams. Local banks are battling with the twin forces of regulatory reporting requirements – such as Basel II – and the need to set up controls against banking crises and rogue [...]
Fund managers tapping i-banking expertise
Fund managers’ increased demand for knowledge of complex financial products is a bridge too far for the current GCC talent pool, and firms are looking to investment banks to find the requisite experience. Research by KPMG has found that the appetite for complex products, such as derivatives, is on the up – with 57% of [...]
Advice
