Gulf banks seen driving jobs demand in Europe

HR advisory firm says region's banks looking to expand in Europe, across MENA
Gulf banks seen driving jobs demand in Europe
Gulf-based banks, looking to aggressively expand into Europe, are driving demand for senior execs.
By Andy Sambidge
Sat 23 Jun 2012 11:47 AM

Gulf-based banks, looking to aggressively expand into Europe and across the Middle East and North Africa, are driving demand for senior execs.

Stormbridge International, a human capital advisory firm based in London, said it has seen a "significant increase" in the number of Gulf banks looking to expand their operations.

This has given rise to an increase in the demand for senior talent at the CEO and country head level, André Nasr, the CEO of Stormbridge International, said.

"Over the last six months we have been working closely with a number of our regional clients to assist them in attracting leaders to develop and implement their defined strategy across both Europe and other parts of the MENA region," he said in a statement.

"London and Paris in particular remain attractive locations and hubs for our clients who wish to develop or enhance their operations in both the UK and Europe," he added.

With the current situation facing the Eurozone and the continued impact of the global recession a number of well-known names from Qatar, Bahrain and the UAE are clamouring to secure new leadership and increase their overall headcount in Europe, Nasr said.

He added: "During this time of uncertainly in the Eurozone there are also a number of opportunities that exist for organisations with the power and ambition to grow their business in Europe and we have been active on a number of projects across both London and Paris since the start of the year."

A number of major banks in the region are also expanding their operations across other parts of the MENA region.

Nasr said: "Turkey, Libya and Iraq remain attractive opportunities for our clients provided that they can attract the right profile of leader to assist them in establishing a presence in these countries which still face challenges both politically and economically."

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