Tuesday 16 August 2011

BNP Paribas plans to move some staff from Bahrain - ArabianBusiness.com

French lender BNP Paribas plans to move some of its back-office operations out of regional hub Bahrain after unrest in the kingdom earlier this year, two sources said on Tuesday.

The sources, who spoke on condition of anonymity, said BNP may boost existing Gulf locations such as Dubai, Doha and Riyadh at the expense of Bahrain, though one said that a complete exit from the country, where it employs 383 staff, was unlikely.

The sources said they did not know how many employees would be affected by the proposed moves. A BNP Paribas spokeswoman was not immediately available for comment.

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