GF
Tag: Fund Manager
Credit Suisse is expanding into asset management in Qatar; other firms are likely to follow
Qatar may be, according to some reports, the most promising financial centre in the GCC, but it has long-maintained that its primary aim is to become the region’s main centre for asset management. International firms seem to be finally acknowledging this. Credit Suisse, which has won many large regional investment banking deals through its connection [...]
The deep weirdness of some hedge fund interviews
If you interview at an investment bank, you may be asked weird questions. If you interview at a hedge fund, the chances of this happening are higher. Last year, research conducted by eFinancialCareers in the US concluded that hedge fund interviews are the hardest. This week, it has also become apparent that they can also [...]
Cost of living is falling, but so are some financial services salaries
As has been reported elsewhere, slumping property prices means the cost of living in the UAE has tumbled in 2010. This is good news for financial services companies, which have always struggled to attract international talent due to spiralling inflation in the region. But, with generous expat packages falling by the wayside to some extent [...]
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, [...]
Who hired in the Middle East in January?
Business plans for 2010 are in place, and sentiment around the Middle Eastern financial sector has taken a more positive slant. However, recruitment in the first month of this year remained relatively muted. Arab Banking Corporation has unveiled Dr Khaled Kawan as its new deputy chief executive. He will have responsibility for the group’s wholesale [...]
Global banks lay off Dubai staff
Morgan Stanley has confirmed that it is making up to 15% of its Dubai staff redundant, while rumours abound that other international firms are making similar cuts. Any thoughts that Dubai might offer sanctuary to out-of-work Western investment bankers must surely have gone out of the window, as struggling firms are forced to trim their [...]
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 [...]
Hedge funds prepare for talent and cash influx
Hedge fund inflows have been tipped to increase fivefold in the Middle East, and firms are scrabbling to ship Western expertise out to the region as well as find talent on the ground. Gilles Rollet, chief executive officer of fund manager Mirabaud (Middle East), thinks the hot air surrounding hedge funds in the region will [...]
Here come the hedgies
Dubai could soon be hit by a wave of hedge fund managers fleeing the UK. Proposals for increasing the amount of tax that wealthy non-domicile residents pay in the UK are threatening London’s position as the financial centre top spot. If it goes ahead, hedge fund managers could be on the first plane out of [...]
SWFs look to buy in asset management talent
GCC sovereign wealth funds are said to be eyeing up whole asset management firms as a source of talent. Are they really that desperate? Apparently, yes. Mahmood El Sharkawy, asset management specialist at Pathway Resourcing, says asset managers are like “gold dust” in the GCC. “Because of localisation requirements, nationals are the most sought after. [...]
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