GF
Sector: Investment
Who is Izzat Dajani, Citigroup’s new chief executive for Qatar?
While a number of international investment banks appear to be pulling back from the Middle East, Citigroup has unveiled a key hire aimed at building out its business in Qatar. Izzat Dajani, who was previously working at Goldman Sachs in Dubai as head of key and priority clients, has joined Citigroup to lead its Qatar [...]
Are these 60% salary increases for Qatari bankers really a good thing?
When it comes to achieving nationalisation targets, banks in both Qatar and Dubai have always struggled to prise local candidates away from relatively cushy and well-paying public sector jobs. Now, in response to spiralling salaries in government jobs, banks in Qatar have been handing 60% pay rises to local staff to ensure they’re able to [...]
Expat British bankers could be exposed to full UK taxes – based on visits to the UK THIS YEAR
As the British government seeks ways of supplementing its tax take, the British residency test is changing. As we’ve noted before, it’s becoming a lot more punitive and many more people are going to find they’ve become British residents for taxation purposes in future. If you’re a British citizen who’s working in Dubai, Hong Kong [...]
Six ways to work well with recruiters
1) More is not better Contact a minimum of three and an absolute maximum of six recruiters – any more and you risk losing control of your job search, with different recruiters sending out your CV for the same vacancy. That’s something banks really hate. 2) Get specialist The recruiters you deal with should specialise [...]
GUEST COMMENT: I’ve served my time in the Middle East; take me back Asia
The financial world is ablaze again at the moment – market turmoil, downgrading, interest rates. Chaotic for all in working the industry. But haven’t there been enough market dips in the last three years? I was living and working in Asia in 2008 at the time of the most recent major crash. Life was good. [...]
A complete ranking of the world’s financial centres in terms of how much you can earn and how affordable they are
A caveat: these figures do not apply specifically to financial services. However, following the revelations that a pint of milk costs a small fortune in Hong Kong, we thought you may be interested in them anyway. UBS has produced some research into the average pay, average price levels and domestic purchasing power in a variety [...]
Why expat bankers should feel a little threatened by the Saudi nationalisation push
Saudi Arabia’s new nationalisation push will no doubt have some expats feeling worried about the long-term viability of their career in the kingdom. However, those working in banking can breathe easy – for now. In a bid to tackle unemployment in the kingdom, the Saudi government has rolled out an aggressive nationalisation programme, called Nitaqat, [...]
Once upon a time, 94% of people passed the CFA exam
Yesterday was the day when people who took CFA Levels I and II in June learned whether they passed. Desperation to discover their results caused the CFA website to crash. And there was an eruption of Tweets such as, “OH. MY. GOSH!!!!! My husband just passed level 2 of his CFA exam!!! CANNOT CONTAIN MY [...]
A catalogue of the everyday discriminations commonplace in financial services recruitment
Before you get the call from a recruiter or employer, an unseen world passes by: candidate selection. In this world, subtle discrimination is standard – and more rich and varied than you could probably imagine. From small prejudices to flagrant discrimination, we’ve spent the past few weeks collecting a list of the discriminatory statements made [...]
Senior bankers express their irritation with MBAs and juniors
Earlier this week, the new editor of Financial News reported that he’d been chatting to the head of investment banking at two European banks who went out of their way to inform him just how mediocre most of their employees are. To compound this, two senior bankers elsewhere in the world have since divulged their [...]
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