Sector: Global custody

Is the Middle East much cheaper than Europe for back office banking roles?

Considering the Middle East’s aspirations to rival London and New York with its financial centres, this isn’t something to shout about, but the region is becoming an increasingly attractive (and low cost) destination for international banks to transfer back office functions to. One bank to make such a move last year was BNP Paribas. Jean [...]

By Paul Clarke, 17 February 2010 • 0 comments

The custodians are coming

The world’s biggest global custodians are hot on the heels of fund managers flocking to the GCC and are set to build their teams up over the coming months. Standard Chartered has just announced plans to expand its securities services business in the Middle East with the opening of an operation at the Dubai Financial [...]

By Paul Clarke, 28 August 2008 • 1 comment