GF
Tag: Emerging Markets
Investment bankers are moving to wealth management, private bankers are moving to private equity
Investment bankers in the Middle East are facing job cuts and, with a lack of new roles in the sector, they should be considering their options. One of these options is a switch across to wealth management – something people are doing with increasing frequency. Meanwhile, top private bankers – who have no shortage of [...]
HSBC is making redundancies in the Middle East, should you be worried?
HSBC is implementing the second round of redundancies in the MENA region in two years. Again, the proportion of staff affected is minimal (at 3%), but this time it’s driven by a global downsizing operation, rather than concerns over the Middle East. Around 360 people in HSBC’s 12,000-strong Middle East workforce are to be cut. [...]
London is still the best bet for students from emerging markets (provided you can secure a visa)
For all the hype around the growth potential of emerging markets, and talk of a looming banker exodus from the City, London arguably remains the best place for students from foreign climes to launch their investment banking career. If graduates from emerging markets want to make a significant contribution through an investment banking career in [...]
ADIA targets local candidates (very) early
In what now seems like an annual PR push, the Abu Dhabi Investment Authority (ADIA) has offered another insight into its recruitment practices and revealed that, when it comes to hiring local candidates, it targets them early. ADIA identifies local candidates, what it terms “future leaders”, at high school and – after series of interviews [...]
A Q&A with Manindra Shrestha, regional head of resourcing, Middle East, Pakistan & Africa at Standard Chartered
Because of its emerging markets focus, it’s not hugely surprising that Standard Chartered has continued to recruit throughout 2010 while most international banks cooled their hiring plans. In the last three months alone, the bank has named Apoorva Shah managing director within its M&A team, recruited a team of people for FICC trading and added [...]
Who is Jan Sramek?
Jan Sramek, the Goldman Sachs wunderkind, who last year made it onto the Financial News’ list of top bankers under 40 aged just 22, has been awarded another accolade: he is also now deemed one of the world’s top three traders under 30. So who is Mr. Sramek – now aged 23? Unfortunately he’s currently [...]
Gulf-based asset managers switching focus to investment staff
After threatening to take off towards the middle of 2008, the GCC’s relatively nascent asset management industry stalled as the financial crisis hit. But the regional stock market rebound has created a new appetite to hire investment professionals on the ground once again. Equity and property funds are still the dominant force in the Gulf, [...]
Standard Chartered may be setting the pace for Middle East expansions
Standard Chartered’s recruitment of its most senior executive ever in Dubai suggests international banks are again eyeing growth in the Middle East. But is the bank the exception rather than the rule? V. Shankar has been named as CEO, Middle East, Africa, the Americas and Europe for Standard Chartered, and will be based in Dubai [...]
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 [...]
GUEST COMMENT: Why I’m ditching the Middle East for Hong Kong
I am a continental European by birth, but I’m currently working for a major investment fund in the UAE. Until a couple of years ago, I was working in an investment bank in London, but I got the chance to move into private equity when the market was in a bad shape and moved here. [...]
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