ZA
Tag: Emerging Markets
Standard Chartered bets on Botswana
Standard Chartered has chosen Botswana as an important pillar of its African expansion strategy. The emerging markets specialist has just poached Moatlhodi Lekaukau, currently head of M&A at Deloitte & Touche Corporate Finance in South Africa, to be its new Chief Executive Officer for Botswana, starting in February 2012. “I am excited about the opportunities [...]
Some European bankers who lose their jobs may be able to get hired in Nigeria
In Europe, blood is on the floor. Virtually all the big banks have announced redundancies, as have smaller ones. But while jobs in developed markets are being chopped, jobs in emerging markets are still growing. Last week, Goldman Sachs highlighted the multiplier effect of GDP growth on its revenues, saying the average impact varies from [...]
Private equity: Europe’s loss is Africa’s gain
The sovereign debt crisis has reduced deal activity, banks provide funding reluctantly and on less favourable terms, many transaction have collapsed: in short, private equity in Europe is suffering. Deals activity fell by almost 30% in Q3 2011 and, given market turmoil and low confidence levels, this negative trend is set to continue. Europe’s loss [...]
Citigroup is building “a talent warehouse for Africa”
Vikram Pandit could not have been clearer. The CEO of Citigroup, the third biggest US bank by assets, said his plan is to reallocate resources to emerging markets. “Let me tell you where the growth is,” he said announcing a 74% rise in third quarter earnings. “It is coming from the emerging market consumer, who [...]
Standard Chartered is still hiring and growing in Africa
As developed markets are in the eye of the storm, it is a good time to be in emerging markets and to have “multiple growth engines”, as Peter Sands, Ceo of Standard Chartered, puts it. At least “if one or two run slow others will be running fast.” That is why analysts see the bank [...]
Africa wants expatriates
If you have skills and experience and are willing to travel, Africa is the place to go. The continent has one of the fastest economic growth rates and highest returns on investment in the world, and is seen as a growth opportunity not just by developed market companies and banks but increasingly by emerging markets [...]
Renaissance Capital to invest $2bn in Africa, keeps hiring
Moscow-based Renaissance Capital has one declared goal: becoming the leading emerging markets investment bank. The road to reach that objective goes through Africa, founder and Ceo Stephen Jennings firmly believes. RenCap continues to hire aggressively to grow its presence in the Continent and is planning to invest up to $2bn in the next three years. [...]
Jardine Lloyd Thompson is hiring in South Africa
Yet another global group sees Africa as a great opportunity and has chosen Johannesburg as the ideal base from which to implement its continental growth strategy. Jardine Lloyd Thompson (JLT), the international group of risk specialists and consultants, has been granted a license to operate by the South African Financial Services Board and is about [...]
Everything you need to know about hiring this year, from the enormous Morgan Stanley report predicting 20k job losses
Morgan Stanley and Oliver Wyman have produced their large annual report on the state of the investment banking industry. It doesn’t make for massively felicitous reading: what with Basel III and falling margins, it says banks need to reduce their costs and cut 20,000 jobs.. Assuming you don’t have the report, or don’t want to [...]
Renaissance Capital continues African hiring spree
Clifford Sacks has been a busy man since he was promoted to become Renaissance Capital’s CEO of Africa in mid-January (whilst also retaining his position as CEO of South Africa and head of African Equities). The former co-CEO of Merrill Lynch Africa joined the Russia-based group last year in order to turn it into the [...]
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