After a quiet December, the first month of 2013 proved to be relatively active for new hires in the Middle East’s financial industry. Much of the recruitment remains outside of the investment banking sector, however.
The Abu Dhabi Investment Authority has hired Gregory Eckersley as global head of internal equities. He spent 16 years working for AllianceBerstein, but was most recently at 1770 Capital Partners, a fund he launched in 2011.
BNY Mellon has named Bana Akkad Azhari as head of relationship management for the Middle East and North Africa.
The Dubai Mercantile Exchange has hired Paul Young as head of its energy products division. He was previously with Platts Price Group as a senior market analyst.
Gulfmena Investments, the boutique asset management firm, has named Marc Hambach as interim chief executive officer, following the resignation of Haissam Arabi. The firm is shutting down several funds and refocusing on discretionary portfolio management.
J.P. Morgan has hired Hussain Hassan as global head of Islamic finance based in Dubai. He joins from UBS, where he was global head of Islamic structuring.
National Commercial Bank, the Saudi Arabian institution, has appointed Saeed Bin Mohammed Al-Ghamdi as chief executive officer effective from 1 March 2013. Abdulkareem Abu Alnasr, the former chief executive, resigned in January due to personal circumstances.
Natixis Global Asset Management has named Moad Touhami as head of distribution for its Dubai office. He was previously senior sales manager for Fidelity in Dubai.
Oman Insurance Company has named Iyad Shahatit as branch manager of its Abu Dhabi operations.
Qatar Islamic Bank (QIB) has appointed Bassel Gamal as its new chief executive officer. Before joining QIB he was senior deputy group CEO at Ahli United Bank.
SEDCO Holding Group has appointed Anees Ahmed Moumina as its new chief executive officer, replacing Dr. Adnan Abdulfattah Soufi.
United Arab Bank, the Sharjah headquartered institution, has named Simon tailor as head of Sandra Wealth Management. He was previously with Lloyds Banking Group.
Volante Technologies, the financial data integration vendor, has opened an office in Dubai and hired Mick Fennell as general manager for MEA to run the operation.
Wells Fargo, the US bank, has opened a new branch in the DIFC to be led by Shoar Hassan. The bank intends to expand its range of services in the region to include trade, payments, deposits, credit and foreign exchange services to financial institutions in the Middle East.