Who Hired in the Middle East in February?

Hiring announcements were few and far between during the month of February. However, there was more evidence of Qatar's increasing importance to international investment banks.

AXA Gulf, the Middle East arm of the global insurance firm, has named Jérôme Droesch as its new CEO.

Abu Dhabi Commercial Bank, which recently acquired Royal Bank of Scotland's UAE retail assets, has named Jerry Möllenkramer as its new group chief operating officer. He was previously at RBS.

Canara Bank, the Indian institution, has been granted a licence to open a wholesale banking branch in Bahrain.

Citi has hired Osamu Okada to run its new Japan desk covering the Middle East, which is part of its global subsidiaries group.

Deutsche Bank has appointed Philippe Vollot as its new as its new chief operating officer for the Middle East and North Africa.

First Energy Bank, the Bahrain-based energy-focused Islamic investment bank, has named Khadem Abdulla Al Qubaisi as its new chairman.

Gulf Reinsurance has unveiled Michael Gertsch as its new chief executive officer.

JP Morgan, which last month expanded its operation in Saudi, has opened a new office in Doha. The new venture will offer investment banking, treasuries and securities services in Qatar and also provides credit and custody services.

RSA, the insurance firm, has announced that Stuart Purdy is to take the position of CEO for the Asia and Middle East region.

Shuaa Capitalhas hired Jackie Fitzgerald as its new head of sales. This marks a return to the role she previously spent three years in before a move to Invest AD in January last 2010.

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