03/29/2012
ADIA Strenthens equities team with Latin America head
With over 24 years of asset management experience, Favrin will report to Mohamed Al Khoori, executive director, at the Internal Equities Department.
On the Move
03/28/2012
Talal Al Zain Appointed Head of Pinebridge Investments Middle East and North Africa
In addition to managing PineBridge’s regional operations, Mr. Al Zain will serve on PineBridge’s Executive Committee.
03/28/2012
Emirates NBD appoints new CEO for Dubai Bank
"The new phase aims at unifying the management teams within our two Islamic arms," Rick Pudner, group CEO of Emirates NBD, said in a statement.
03/26/2012
Abu Dhabi, Doha up salary offers to rival Dubai
Employers in Abu Dhabi and Qatar offer as much as 30 percent more money than their counterparts in Dubai to attract candidates because of the cost of living, according to a human resources expert.
03/26/2012
New Kuwait bank chief announced
Hashel, who has been the deputy governor for several years, was promoted to acting governor last month after former central bank chief Shaikh Salem Abdul Aziz Al Sabah resigned in protest against a steep rise in spending.
03/21/2012
HSBC Middle East to slash jobs
Staff at HSBC Middle East have received an email today announcing immediate company plans to implement redundancies, Arabian Business has learned.
03/21/2012
Bahrain SWF Mumtalakat names new CEO
He was deputy chief executive of the fund since 2006, was also mostly recently the chief executive of Bahrain-based labour fund Tamkeen, Mumtalakat said in a statement.
03/20/2012
SNR Denton Islamic finance head resigns
Libya, Egypt and Tunisia have seen renewed interest in Islamic finance since last year's uprisings toppled governments which neglected or discouraged the industry for ideological reasons. Oman announced last May that it would introduce Islamic financ
03/20/2012
Ex-Deutsche banker tipped for top Bahrain SWF job
The family rules Bahrain and many ministerial jobs in the Gulf Arab island kingdom are held by family members.
03/19/2012
Bank Nizwa’s CEO appointed
In the mid-1990’s he co-established the Middle East Capital Group in Lebanon, the region’s first merchant bank with a pan-Arab focus.
03/19/2012
BI-SAM announces new EMEA organisation structure
Continuing on the growth path it has been following these last years, the BI-SAM group will communicate throughout 2012 about its ambitious 3 to 5 years strategic growth plan.
03/15/2012
Bonhams appoint Middle East Rep
started her career in banking with Dresdner Kleinwort Benson.
03/14/2012
Aon Benfield’s announced New CEO for MENA
He most recently served as Regional Director Middle East & North Africa at Willis Re, and has previously worked as a Middle East treaty underwriter at reinsurer SOREMA
03/13/2012
Emirates NBD plans 15 pct staff cut
Emirates NBD ENBD.AD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, two sources familiar with the matter said on Monday.
03/13/2012
Warba Bank names retail banking chief
His appointment plays a key role in supporting the Warba team to witness targeted growth and continuous development.
03/12/2012
Dubai bourse appoints ex-BarCap futures chief
The Middle East bourse has appointed Rod Banus, the former head of futures for Asia-Pacific at Barclays Capital, to head up its customer relations efforts, Financial News has learned.
03/08/2012
Base pay increases highlight regional differences in financial services
Base pay increases in the world’s financial services sector continue to be markedly different depending on region, according to new data issued by Mercer.
03/07/2012
UGB appoints Acting Chief Executive Officer
Prior to re-joining UGB in 2009, he held senior operating positions in KIPCO Group Companies including Chief Executive Officer, United Gulf Financial Services Company, Qatar and Group Chief Financial Officer, Wataniya International FZ LLC.
03/07/2012
Zurich appoints Kuwait GM
“As Zurich continues to expand its presence in Kuwait, Anas’s in-depth understanding of the local market will be invaluable,” said Maroun Mourad, CEO of Zurich’s General Insurance business in the Middle East.
03/06/2012
Nomura expanding global rates and FX team in the Middle East
Hyeonmuk Mun, who has 15 years of experience in trading in the Middle East & Africa with RBS Global Markets, Calyon CIB and Citibank, will lead the team as Managing Director, supported by two senior traders.