DIFC and Key partners participate in careers UAE 2007

• Focus on variety of employment opportunities within region’s international financial centre community
• Eight partners of international repute join DIFC at Careers UAE 2007
• Participating institutions include Morgan Stanley, Deutsche Bank, Rothschild, EFG Hermes, Zabeel Investments, DIFX,DFSA and Shuaa Capital

The Dubai International Financial Centre (DIFC) endorsed a strong presence of the financial services sector at UAE Careers Fair 2007 by its key participation at the exhibition this year. In addition to DIFC’s participation, the Centre announced that a number of leading local, regional and international institutions within the DIFC community will join the DIFC and display a variety of employment opportunities for UAE Nationals. These partners include Morgan Stanley, Deutsche Bank, EFG Hermes, Rothschild, Zabeel Investments, Shuaa Capital, DIFX and the DFSA.

His Excellency Dr. Omar bin Sulaiman, Governor, DIFC said: “The development of national human capital is crucial to delivering on the vision to establish Dubai as the region’s financial hub. Developing career opportunities for UAE nationals is thus a priority for the DIFC, Dubai and the UAE as a whole. By investing in our national youth, we also provide foreign companies with the national expertise, which is key to their success in the region, This two-pronged approach enables the DIFC to contribute towards the creation of a sustainable knowledge economy that will help build and develop businesses in the UAE.”

“Dubai Strategic Plan 2015, presented by His Highness Sheikh Mohammed Bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, highlighted the Ruler’s commitment to social development and elevating nationals’ well being. At the DIFC, we support His Highness’s vision and believe that providing career opportunities within financial services is critical to the broader goal of maintaining an economy that is independent of oil revenues,” he added.

Careers UAE is a high-calibre event that enables talented UAE nationals in all fields to meet directly with recruiters and hiring managers from top employers within the diverse number of industries in the UAE representing both Government and the private sector.

"As we grow our business in the region, the recruitment of local talent is one of our key strategic priorities," commented Georges Makhoul, President of Morgan Stanley for the Middle East and North Africa. "We are currently recruiting across a range of different businesses and as one of the world’s leading financial services firms, we believe that we can offer a rewarding and varied career for those candidates who have the drive and desire to succeed in a stimulating and challenging environment."

Michael Helou, Co-Head of Investment Banking, Middle East for Rothschild said "Our objective in participating at the event is to assist in the development of local talent and provide the opportunity to applicants of a long-term career at Rothschild. This also reflects our commitment to assisting in the development of the financial services sector in the U.A.E. in which the DIFC is playing an important part. We do not currently have any national employees but have started a recruitment drive to bring on board the right candidates. Rothschild offers the opportunity to build a solid foundation in corporate finance which could be effectively utilised in many other fields. From our perspective, we would like to develop long-term and successful careers at Rothschild. Experience will be gained mainly in the field of corporate finance including mergers and acquisitions, debt advisory, restructuring and equity capital markets. Candidates will also have the opportunity to gain significant exposure to international markets, reflecting the international nature of Rothschild and the level of interaction of our offices around the world."

Ricardo Honegger, Chief Country Officer for Deutsche Bank in the UAE comments, "Deutsche Bank will be offering summer internships or graduate placements for individuals interested in gaining experience working for a global bank. Deutsche Bank is an international organization committed to the Middle East region and we are looking forward to finding opportunities for local candidates with regional commercial banking expertise in investment banking as well as asset management and private wealth management."

H.E. Mohammed Ali Al Hashimi, Executive Chairman, Zabeel Investments said: “As part of the DIFC family, the UAE Career Fair 2007 allows Zabeel Investments, and the community of businesses we operate with, to showcase the opportunities and options that are open to our youth in the future. This is just one way in which Zabeel Investments will be supporting UAE youth during 2007.”

Declan Ball, Head of Corporate Human Resources, EFG-Hermes, said “ EFG-Hermes has built its reputation as the leading investment bank in the Arab world by focusing on recruitment and building pipelines of talent. As we continue to expand throughout the region, our on-going success will rest on our proven ability to attract, recruit and develop the best graduates in the market. Our approach is to combine excellent compensation with on-going professional development. A key component of our aggressive recruitment is to leverage from the huge investment that the UAE has made in training its youth, the most important asset the country has, by recruiting national graduates, the leaders of the future.”

DIFC’s dedicated area at Careers UAE 2007 will give visitors and potential candidates an overview of DIFC’s role in developing the region as a hub for financial services . In particular, the participation will focus on developing Dubai and the UAE as a key financial market that will actively bridge the local and regional financial industry with the international financial industry. Visitors will also be able to view the human resources policy, the job opportunities for UAE nationals and career development plans offered in the DIFC and its financial community.

The DIFC stand (no.F1-3) is located at Hall 1. In addition to this participation, the DIFC is also sponsoring an area called the DIFC Zone which will include a networking area, a media stage hosting media interviews and a number of quizzes and awards offered by the DIFC during the career fair.

The 7th annual Careers UAE Exhibition is held at the Dubai International Convention and Exhibition Centre, from 13 - 15 March 2007. The exhibition is organised by the Dubai World Trade Centre, with the official support of the Ministry of Labour, and in partnership with TANMIA, Emirates Nationals Development Programme (ENDP), Higher Colleges of Technology, Zayed University and UAE University.