GF
Tag: Private banking
Coutts is hiring. Be aware that it only wants senior people and may pay a very big base and quite a small bonus
Coutts has let it be known that it’s looking for private bankers. In today’s Financial Times, Michael Morley, chief executive of Coutts UK, elaborates on the bank’s appetite for hiring. Morley says Coutts wants ‘senior executives’ in the UK, the Middle East, Asia, Switzerland and eastern Europe. 20 senior executives have come already, says Morley. [...]
Coup for Coutts as Emirates NBD’s CIO signs up
Not so long ago, Emirates NBD’s wealth management division was touting itself as the place to be and managed to secure a number of high profile names as part of a relatively aggressive recruitment spree. These days, it’s a different picture. After deep redundancies across the group, it has also lost its chief investment officer [...]
Who hired in the Middle East in November?
A number of international investment banks have named new regional heads in November, but generally the number of new recruits announced during the month has been relatively few. Ajman Bank has a new head of branches in the emirate of Ajamn in Marwan Ibrahim Al Zarooni. Australia and New Zealand Banking Group (ANZ) has opened [...]
Battle of the private banks: international versus regional players
Even in the relatively buoyant wealth management sector, international banks have taken their foot off the gas when it comes to expansion. Now, however, they’re facing some tough competition retaining people from high-paying regional players. From a career perspective, which what are the advantages of working for each? The likes of Barclays Wealth, Credit Suisse, [...]
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 [...]
GUEST COMMENT: Private banking should be more than harvesting clients’ assets
I’ve worked in private banking for over 20 years across many different countries, but despite being based in the UAE for the last eight years, I am constantly astounded by the limited strategy put out by the banks hiring here. You can be a seasoned banker with an MBA under your belt, but the first [...]
Five roles still defying the slowdown
It’s Ramadan, it’s summer, and capital markets are tanking across the globe – a toxic combination that means recruitment in the Middle East financial sector has, by and large, ground to a halt. However, amidst the new-found gloom and traditional seasonal lull, there are some roles that financial services firms continue to hire for. Based [...]
GUEST COMMENT: The poaching frenzy in Gulf wealth management
Wealth management has stood out as being something of a hive of recruitment activity within the Middle East financial services sector recently. However, with talent on the ground limited, many banks are chasing the same pool of people. The motivations for international banks increasing their wealth management presence in the Middle East are obvious: wealth [...]
Five hiring hotspots in the first quarter
Now that we’re into February and most banks have paid bonuses for 2010, there’s a better picture of where financial services firms in the Middle East are looking to expand this year. As a general point, it’s already looking a little better than last year, but based on conversations with regional recruiters, here’s our opinion [...]
The hiring headache as wealth managers look to expand in the Middle East
The good news for private bankers working in the Middle East is that a host of international firms are eyeing expansion in the region again. The bad news, however, is that hiring’s likely to be selective, internal transfers are on the cards and many wealth managers are chasing the same pool of talent. This week [...]
Follow eFinancialCareers
What is RSS?
Advice
