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Tag: Wealth Management
Four things you must have to secure a wealth management role in the Middle East
The number of wealth managers looking to tap into the growing pool of investable assets in the Middle East is on an upward trajectory. The likes of Barclays Wealth, Coutts, Jefferies, J.P. Morgan, Lombard Odier, Merrill Lynch and UBS have all been talking up MENA expansion plans currently, and a number of other firms have [...]
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 [...]
RBC is hiring wealth managers, but some are cutting back
Royal Bank of Canada Wealth Management is continuing its Middle East expansion with plans to double the number of relationship managers in the region over the next two years. It’s another vote of confidence for the seemingly growing sector, but will also provide some opportunities for those who have lost their jobs in the sector [...]
Q&A: Amir Sadr, head of UAE market and private office in the Middle East, Coutts
Amir Sadr joined private bank Coutts in November last year to head up its UAE market and private office business in Dubai after more than 12 years working for Bank of America Merrill Lynch. The move is part of an ambitious expansion plan by the bank in the Middle East. We talk to Amir about [...]
Five sectors that are heating up in the first quarter
Generally speaking, the picture for financial sector recruitment in the Gulf is still relatively opaque. With uncertainty reining both globally and regionally, hiring plans – usually formulated in Q4 – have been slow to come into fruition and recruiters we contacted spoke of a sense of frustration about the lack of clarity. Nonetheless, it’s clear [...]
2012: What will go up and what will go down in Gulf financial services recruitment?
This year was one of upheaval for the Middle East as a whole, yet one of relative inaction in the financial services recruitment sector as most firms remained cautious because of regional concerns and escalating problems elsewhere in the world. Comparatively speaking, the Middle East financial sector has remained resilient in the wake of turmoil [...]
Wealth management looks set to be hot sector in the Gulf next year too
If you’re in a position in the Gulf financial sector where you could feasibly leverage your contacts or technical expertise to work in wealth management, the message seems clear – do so immediately. If you’re already working there, just sit back and enjoy the ride. The relatively voluminous amount of recruitment within both regional private [...]
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 [...]
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 [...]
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