Tuesday 20 August 2013

Abu Dhabi’s First Gulf Bank to Hire as It Boosts Asia Growth - Bloomberg

Abu Dhabi’s First Gulf Bank to Hire as It Boosts Asia Growth - Bloomberg:

"First Gulf Bank PJSC (FGB), the United Arab Emirates’ third-biggest bank, said it’s planning new hires for its investment banking business and is seeking to double the share of profit from its international unit in five years.
The Abu Dhabi-based lender, which has two mandates to arrange initial public offerings for local companies, will hire bankers in mergers and acquisitions, debt and equity capital markets, Chief Executive Officer Andre Sayegh said in an interview yesterday. The lender also plans new offices in South Korea, China and Indonesia over the next 18 months as it seeks to raise the contribution of international business to profit to the “teens or more” from 5 percent last year, he said"

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