GF
Sector: Debt / Fixed Income
A senior UBS banker explains how to ace interviews and avoid failure during your first days on the job
Lutfey Siddiqi CFA, head of FICC corporate coverage & FX distribution Asia-Pacific gives some sage advice to young bankers. It can be disconcerting for fresh graduates to shift from the heights of academia to the bottom rung of a bank. Apart from a reversal in status, many find the unarticulated rules of the game -expectations [...]
Signs that DCM will soon be THE hot area in Gulf investment banking
The GCC’s debt capital markets (DCM) are beginning to heat up again. Last year was very good for DCM in the Gulf, with bond sales in the region more than trebling 2008 levels to $42bn, according to figures from Dealogic. So far this year, that level has shrunk to $17.1bn. But a flurry of new [...]
Standard Chartered’s hires point to a growing appetite for FICC traders
Standard Chartered’s decision to bolster its FICC trading team in Dubai is indicative of a sector that is slowly heating up in the Middle East. The bank has announced five senior appointments within its FICC team within the DIFC, and has said that it plans to expand its platform in the GCC in the future. [...]
Boutique investment bank eyes Gulf expansion
Exotix, a UK-based boutique investment bank with a focus on emerging markets, has kick-started its Dubai operations and says it has ambitious plans to expand in the region going forward. The bank has been given the thumbs up by the DIFC and has opened its new office with an initial workforce of just three, but [...]
Signs of life in Gulf project finance recruitment
After a roller-coaster ride over the last two years, evidence of the much-anticipated growth in the Middle East project finance market has emerged in the first half of this year. International banks are beginning to recruit as a result. The proceeds of project finance deals in the Middle East rose by 68.9% on 2009 levels, [...]
Five roles facing a skills shortage in the City
Should you be considering a move to the City of London any time soon, it’s worth noting that the jobs market appears to have come full circle from this time last year and a skills shortage is looming. Certainly, that’s the suggestion of recruiters Astbury Marsden, which has concluded that the number of skilled candidates [...]
The ever-increasing profile of the DCM banker in the Gulf
Bank lending has been scaled back over the last 12 months, which means more firms have been compelled to turn to the debt capital markets. As a result, investment banks are once again looking to bolster their DCM teams. Companies in the GCC are increasingly using bond issuances to raise finance, so while M&A and [...]
RBS powering ahead on Gulf DCM
Royal Bank of Scotland is ramping up its DCM activity in the UAE at the same time as it is working to exit from its ABN Amro-branded consumer banking unit in the emirate. Simon Penney, RBS CEO for the Middle East and Africa, has said the bank is currently working on at least six bonds [...]
Dubai asset sales could provide much-needed work for regional investment bankers
Dubai Inc is being urged to sell some of its international trophy assets as part of the ongoing restructuring of its $22bn debt. This is, of course, likely to necessitate some much-needed advisory work for investment banks in the region, but sadly recruitment seems unlikely as a result. Moody’s says that Dubai World needs to [...]
DCM bankers benefiting from lending drought
Debt capital markets (DCM) in the Middle East have continued to defy the downturn this year with companies looking to bonds to shore up their balance sheets as bank lending evaporates. International investment banks have been the main beneficiaries of this business, and now there are signs they’re willing to expand their teams in this [...]
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