Friday 4 May 2012

Dubai still the land of opportunity - The National

The most stuffy and refined side of Dubai's financial services is undergoing a radical shakeup, sending large numbers of genteel private bankers to ink new drafts of their CVs in a hurry.

But local ties and some good-humoured Canadian charm go a long way, according to RBC Wealth Management, which is currently seeking to double its staff of 15 private bankers.

Private banks have found themselves facing slim pickings even as the region's oil wealth soars, and the global financial crisis that hammered family fortunes in the Gulf continues to have lingering effects.

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