GF
Who hired in the Middle East in April?
5 May 2010
While recruitment in the Middle East financial sector remains relatively subdued, some senior hires hint that expansion is back on the cards at certain institutions in the region.
AlixPartners, the US advisory firm, has formally kick-started its DIFC operations as it looks to capitalise on a potentially lucrative pipeline of corporate turnaround work.
Arab Banking Corporation has named Ian Gore as group head of resources, saying that "attracting, developing and retaining" talent will be his core priority.
Barclays Capital has unveiled Michael Helou as its new head of financial institutions group for the MENA region. He joins from Rothschild's Middle Eastern office.
The Dubai International Financial Centre Authority has re-hired Marwan Lutfi as head of business development from Abraaj Capital. He is tasked with driving strategic initiatives as the authority looks to enter a new phase of growth.
Global Investment House, the Kuwaiti private equity firm, has been making senior hires for new regional offices. Ahmed Ali is the new CEO for Egypt, while Khaled Zakaria will head the new Jordan operation.
KIPCO, the Kuwait Projects Company, has named Masuad Hayat as chief executive officer, banking.
Mashreq Al Islami, the Islamic banking arm of the bank, has named Yusra Abdul Gaffar as manager for Mashreq Gold, which caters to affluent individuals. The bank said she will be leading the expansion of the business going forward.
Merrill Lynch Wealth Management has hired Joy Verghese as financial advisor, focusing on family offices and ultra high net worth clients. He joins from BNP Paribas.
Qatar Holding has hired Anthony Armstrong as head of mergers and acquisitions. He joins from Credit Suisse, which has named Erwin Van Der Voort as his replacement for the role of head of M&A, Middle East.
Reliance Asset Management has kick-started a DIFC operation as it looks to provide wealth management and investment advisory services to clients in the region.
Royal Bank of Scotland, which has been bolstering its Middle East presence already this year, has named Hamed Kazim as senior advisor to its global banking and markets division. He will be based in Dubai.
Saudi British Bank (SABB), HSBC's joint venture in the region, has named David Dew as managing director.
Societe Generale has recruited five private bankers to focus on Middle Eastern clients. They will, however, be based out of Geneva.
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