10/22/2012
Kuwait Finance House appoints new chairman
KFH board thanked Al-Nafisi for his efforts during his previous posts
On the Move
10/22/2012
Former director of securities lending sales gets new role at RBC Investor Services
He will be responsible for defining and providing the appropriate products and services to support them.
10/21/2012
Credit Suisse, UBS could cut a total 7,000 jobs
UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported.
10/21/2012
Key BBK roles for Bustani and Burshaid
Bank of Bahrain and Kuwait has announced new appointments to its executive management
10/18/2012
Neuberger Berman picks Middle East expert
He was previously head of MENA and new markets at Goldman Sachs Asset Management
10/18/2012
Barclays to Cut Europe Equity Jobs in Cost Reduction Plan
Barclays is cutting just under 10 percent of staff in its equities division in Europe, Middle East and Africa as part of a plan to reduce costs amid a slump in trading volumes, said people with knowledge of the matter.
10/17/2012
Nomura appoints Head of Origination and Sales for Turkey
Based in London, he reports to Konstantinos Kontominas, Head of Local EM Sales EMEA
10/16/2012
Qatar sovereign fund poaches from White & Case
Qatar Investment Authority has boosted its legal team by hiring a partner from the US law firm’s Japan office to help allocate its fast-growing pool of capital.
10/16/2012
Swiss private banking ME Co-CEO quits
He “has resigned but will continue until the end of the year,” the person said.
10/15/2012
Dubai World Tribunal gets new judge
The appointment of Sir David Steel will help to ensure the efficient adjudication of disputes related to the settlement of the financial position of Dubai World and its subsidiaries.
10/15/2012
Banks Temper Job Cutting After Surge in 2011 Reductions: Table
Personnel levels are stabilizing as analysts predict financial results will improve for the six largest U.S. lenders.
10/14/2012
BofA names MENA investment banking co-heads
"This is a very smart move. Integrating the corporate and investment bank will help BofA to leverage its balance sheet and grab more business opportunities in emerging markets," a banking source familiar with the matter said.
10/09/2012
QInvest Said to Cut Jobs at Brokerage, Asset Management
The cuts come as QInvest prepares to form a venture with Cairo-based EFG-Hermes in what the companies said would be the Middle East’s largest investment bank.
10/09/2012
JP Morgan picks Nomura banker for senior Middle East job
He was most recently a managing director at Nomura's investment banking division in Dubai, where he handled public sector clients for the Japanese bank.
10/08/2012
Janus Capital appoints Head of Middle East, opens Dubai office
Prior to joining Janus, he was Head of GCC Business Development at Royal Capital in Abu Dhabi.
10/07/2012
Goldman, Morgan Stanley lose top Qatar bankers to local firms
The recruitments come as the tiny Gulf Arab state, home to sovereign wealth fund Qatar Investment Authority, spends billions on overseas acquisitions and invests in Arab states to boost its political clout.
10/03/2012
Qatar Exchange appoints new CEO
He is currently the deputy chief executive of the bourse
10/03/2012
Former HSBC exec appointed as MD Coutts International, UK
joins from HSBC where he held several senior positions in the private banking division In this new role, Michael will lead Coutts’ Asia, Africa and NRI teams in London.
10/02/2012
Barclays strengthens its wealth and investment management team in the Gulf region
He held senior positions in regional and international organisations such as Kuwait Financial Centre "Markaz", National Bank of Kuwait and CIG Corporation.
10/01/2012
Adia names head of principal investments
He will be responsible for overseeing the fund’s acquisition of equity stakes in private companies, ADIA said in a statement, adding he will report to Hareb Al Darmaki, executive director of the fund’s private equities department.