Around the World: UAE nationals account for just 35 percent of bankers there

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Only another 2,700 redundancies to go at RBS, which is now paying its investment bankers around half the global average

RBS has been busy purging itself of superfluous investment bankers. In the past three months, it’s gotten rid of 700 of them. In the past year, it’s gotten rid of 2,400. RBS Global Banking and Markets (GBM) is now leaner and meaner, but the purging isn’t over yet. [Scotland]

UAE nationals still make up just 35 percent of those employed in the banking sector

The funny thing about Emiratization in the banking sector is that you only ever hear about individual firms’ proportion of nationals in their workforce when it exceeds the designated 40 percent quota. [Middle East]

A warm homecoming for Malaysian returnees

There is now good reason for overseas Malaysian financial professionals to return home to look for work. While there are still challenges in the job search, employment opportunities in Malaysia remain available and are improving across multiple areas within banking and finance. [Singapore]

As Russian banks appear to falter in London, here’s what they appear to pay

For a while now, Russian banks’ international push has been the big story. As emerging markets boutique Riverhouse Partners notes in its latest newsletter, Chinese banks’ much awaited push has yet to materialize. Russian banks, however, have been going for it. [UK]

Job rotation is key to recruitment and retention as DBS expands in China

DBS says it will inject another 2.3 billion yuan into its Chinese subsidiary to accelerate expansion in the mainland. In 2011, its China business contributed 30 percent of total profit growth, and earlier this year the Singaporean bank opened a new branch in Chongqing. Unsurprisingly, this is all leading to more hiring. [China]

Fly on the wall: Here’s what it’s like to be a graduate trainee at UBS in Asia

If you’ve ever wondered what it would be like to be a bright young thing being groomed for greater things at a global bank (read: graduate trainee) – wonder no more. Last week, eFinancialCareers sat in on part of a business dynamics course for 26 UBS graduate trainees from across Asia Pacific. All hail from the middle and back office – including compliance, IT, risk, operations and HR. [Japan]

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