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Tag: Equity research
UBS has increased MENA headcount again, but can it last?
The number of people employed in UBS’s MENA operation is comparatively small, but it’s a figure which continues to increase. The Swiss bank has just revealed its quarterly results, and headcount in MENA has risen again. At the end of Q3, 157 people were employed in UBS’s regional operation, up from 154 at the end [...]
International banks have started making redundancies in the Gulf: which firms are the safer bets?
Inevitably, it’s started happening; international investment banks that have been making thousands of redundancies globally have started trimming their Middle Eastern teams. Nomura has shut its regional equity research team, while both Deutsche Bank and Credit Suisse have laid of senior MENA-focused research analysts, according to Reuters. We also understand that UBS has made three [...]
Q&A: Citigroup’s Central European Banking head talks about his career and explains why he prefers candidates with a sense of fun
Linos Lekkas, Citigroup’s head of banking for Greece and Cyprus and recently promoted Central Europe banking head, has answered our questions about his career in investment banking and the fact that – ultimately – it is personality that makes a senior banker stand out. This is Linos: This is what he said: 1) How long [...]
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 [...]
Who is Philip Southwell, Bank of America Merrill Lynch’s new MENA head?
According to various reports this morning, Bank of America Merrill Lynch has hired Philip Southwell, regional investment bank EFG Hermes’ first CEO for the GCC region, to run its MENA operation. What do we know about BoA Merrill’s new senior man in MENA that may offer you some tips to career success? He is an [...]
Six financial services qualifications which could substantially improve your employability
If you’re looking for a job in financial services and can’t get one, or if you’ve got a job in financial services and you want a new one, you may need to increase your allure with a CV upgrade. We suggest the qualifications below. If you disagree or know of others, please add your suggestions [...]
The eFC Interview: David Woods, co-chief executive officer, Rasmala Investment Bank
Rasmala is a regional investment bank, which last year teamed up with Royal Bank of Scotland to launch a joint equity research venture on Middle Eastern companies. Understandly, therefore, the bank has been building in this division throughout 2010, but this is not the limit of its recruitment activity. We spoke to David Woods, the [...]
Middle East financial services: What was hot, and what was not, in 2010?
Unfortunately for the majority of people in the GCC’s financial sector, the much anticipated recovery never really emerged in 2010. Things have improved, generally speaking, but some areas have fared better than others. Here’s our assessment of the ups and downs of this year. 2010 was a good year for…. Those with aspirations to work [...]
REVIEW MY CV: Is the Gulf sophisticated enough to meet my ambitions?
I’m currently working in a boutique investment firm in a senior role and would like to make the transition to a bigger player in the Middle East. However, I have a desire to move to a company which practises both value investing or runs concentrated portfolios and not many firms here do this. The roles [...]
Moving into front office investment banking mid-career, without an MBA
In order to do a top MBA, you need to be a) wealthy and b) optimistic. The London Business School is currently charging 49,900 for the privilege of studying its two year programme. INSEAD is charging €52,000 for one year. Harvard is recommending a budget of $79,000 for two terms if you’re single and $111,600 [...]
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