GF
Sector: Compliance / Legal
Compliance and regulation roles coming at Gulf sovereign wealth funds
In the murky world of sovereign wealth funds, those in the Middle East are among the world’s most opaque. However, with investments in international firms on the up, and incidences of fraud more likely in times of crisis, there’s likely to be opportunities for compliance and governance specialists going forward. The Linaburg-Maduell Transparency Index (below), [...]
Risk recruitment ramping up in the Gulf
Risk management has been thrust to the top of the GCC financial institutions’ agendas this year, and experts in this space are slowly being pulled out of the doldrums to become key figures – at least within some organisations. According to a study into Middle Eastern banks’ risk management practices, the profile of the humble [...]
Top banking lawyers’ salaries swell in GCC
The top banking and financial services law firms are setting up in the Gulf and, in order to secure top talent, salaries are on the rise. But it’s bad news for locals; it seems this pay inflation is merely an attempt to lure those with Western qualifications to the region. A study into lawyer salaries [...]
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 [...]
Hedge funds prepare for talent and cash influx
Hedge fund inflows have been tipped to increase fivefold in the Middle East, and firms are scrabbling to ship Western expertise out to the region as well as find talent on the ground. Gilles Rollet, chief executive officer of fund manager Mirabaud (Middle East), thinks the hot air surrounding hedge funds in the region will [...]
Lawyers upping teams to cash in on Gulf expansion
Where there’s money, there are law firms and they’re popping up in the Middle East like wild fires, looking to advise financial players on an increasingly diverse range of products. Both European and US law firms are heading eastwards to get a piece of the rapidly expanding financial services pie in the GCC. Last month [...]
Wanted: a corporate police force
Dubai Inc. is making moves to wipe a sometimes misty window transparent, which is good news for corporate governance professionals. The region hasn’t exactly been known for good corporate governance in the past. Earlier this month The Times claimed that the chairman of one of Dubai’s biggest investment funds kept schtum on the value of [...]
Finding fund lawyers in the Middle East
HSBC is boosting its UAE legal team – and it’s not the only one. “Competition is tough in the UAE and we’re all competing for good lawyers. We need to respond to the growth and the level of activity,” Melika Betley, Head of HSBC’s UAE legal department told website Thelawyer.com. Betley said the bank is [...]
Comply in Dubai
Compliance professionals are about to become a hot commodity in the Gulf. Right now, headhunters say only the biggest banks like HSBC have large compliance departments in their Gulf operations. But this is all set to change as smaller banks adjust to new international banking regulations. “Local banks have to increase their demand for compliance [...]
Legal eagles wanted
Dubai’s expanding financial services sector needs lawyers to grease its wheels. “There is an ever-increasing demand for financial lawyers in Dubai,” says Nicholas Lloyd, managing director of executive search firm Hogarth Davies Lloyd. “There is a significant amount of work emanating from within the region which in turn has seen more and more law firms [...]
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