GF
Who hired in the Middle East in October?
2 November 2009
The period immediately after the traditional summer lull has yet to produce astronomical levels of recruitment, with the majority of hires restricted to internal reshuffling and replacements. However, both the wealth management and asset management sectors showed signs of growth last month.
Abu Dhabi Islamic Bank has recruited Sameh Al Awadhallah as head of branches to lead what it describes as an "aggressive retail expansion strategy".
Bank Sohar, the Omani institution, has named Rashad Ali Abdullah Al Musafir as chief financial officer.
Citadel Capital, the Cairo-headquartered private equity firm, has recruited Mohsen Mansour as a vice president, which is its fifth recent hire.
DP World is on the hunt for a new chief financial officer, having promoted Yuvraj Narayan to group chief financial officer at its latest board meeting.
Dubai Multi Commodities Centre has a new CEO in Malcolm Wall Morris, who replaces David Rutledge following his retirement. Morris was formerly chief exec of the Dubai Gold & Commodities Exchange.
The Dubai Gold & Commodities Exchange has named Eric Hasham as interim chief executive officer in the wake of Malcolm Wall Morris's departure.
Emirates NBD has hired Ashraf Bajsair as senior director for the Saudi Arabian market. He was formerly head of private banking for Saudi at Credit Suisse.
Global Investment House, the Kuwaiti investment company, has taken on Rajiv Nakani as senior vice president to lead its alternative asset management business
HSBC has transferred its Middle East chairman and group managing director, Youssef Nasr to the position of chairman of the group's private banking unit.
HSBC has also been hiring externally, having taken on Kaveh Samie as managing director, head of equities for the Middle East. He was formerly co-head of equities for the MENA region at Citigroup.
The National Bank of Abu Dhabi has named Alan Durrant as chief investment officer within its asset management division. He joins from Bahrain-based Gulf Finance House.
SABB, formerly Saudi British Bank, has taken on Saleh Bin Ibrahim Al Motawa as treasurer. He replaces Walid Khory, who last month took the CEO position for HSBC Saudi Arabia.
Standard Chartered Private Bank has recruited Anthony Rawlinson as head of private banking and office manager in Abu Dhabi. He was formerly at Merrill Lynch Banque Suisse in Dubai. The bank also revealed plans to hire 50 relationship managers for its priority banking team.
Zurich Insurance Company has taken on Rainer Sommer as chief operating officer for Middle East general insurance. It has also hired Alfredo Alonso as chief underwriting officer, global corporate in the region.
