Saturday, 7th November 2009

 

29 June 2009 - Tara Loader Wilkinson

HSBC Private Bank hires for Middle East expansion

HSBC Private Bank has hired a director for its Middle Eastern business from Merrill Lynch.

Lara Alameddine will be based in Dubai reporting to Stuart Crocker, chief executive officer of the private bank's business in the United Arab Emirates and Oman.

She was previously based in the UAE with Merrill Lynch.

Tags: Dubai

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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