![]() There's also more of a focus on the junior end of the market, he says, with analyst and associate hires most sought after. "More recently, however, they have switched their attention away from hiring for asset management, and more towards direct investment." "There's been no significant lag in sovereign wealth fund hiring they're as active as they ever are, which means a steady supply of new roles throughout the year," says James Wakefield, director of headhunters Cobalt Abu Dhabi. Have the major Gulf SWFs therefore pressed the pause button on hiring? Not yet, suggest recruiters. In some ways this is reminiscent of the global financial crisis in 2008, when ADIA and SWFs in Qatar and Kuwait managed saw their assets slump by a combined $304bn year-on-year, according to the research. The EU seeks to write-off half of Greece's debt, which would entail the allocation of large amount of money to rescue operations, which in turn could bring down share prices of these banks, a loss which will have to be borne by some Gulf institutional shareholders from their annual turnover." "Some GCC institutional investors, including SWFs and investment banks, have suffered losses resulting from investments in distressed European banks. Writing in the Emirates Centre for Strategic Studies and Research, Mohammed al Asumi, head of economic research at the state-run Emirates Industrial Bank, said: Recently, however, there are some reasons for concern about their exposure to the eurozone crisis. Hiring sprees are rare, but then so are hiring freezes. Gulf sovereign wealth funds have always been able to provide a steady stream of recruitment regardless of the presiding economic conditions.
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