It’s rare that there’s a bullish sentiment around recruitment in the current climate, but if it was going to come from anywhere, it would be a regional bank. One bank in particular – First Gulf Bank – is believed to be hiring for as many as 300 new roles this year.
Sources close to the situation suggest that First Gulf Bank is recruiting across all of its divisions – namely retail banking, wholesale banking, treasury and its investment arm that encompasses investment banking, trading, and private equity. It could hire up to 300 people in 2012.
Understandably, the Abu Dhabi,-based bank is keen to recruit UAE nationals for many of the roles – particularly those related to its retail operation – but it’s expanding the search internationally elsewhere. We’re told that it’s looking to the London market for up to 20 roles related to its investments division.
It’s also looking to expand its investment banking function in Singapore and is currently hiring a head of origination there. In its 2011 annual report, FGB managing director Abdulhamid Saeed said it would be “strengthening its presence in Asia” this year as well as its expanding its UAE operation.
At the end of last year, FGB had 930 employees, a slight decrease on the 956 in 2010.
FGB didn’t return requests for comment.