Dubai is cementing its rising status as a leading global centre for attracting hedge fund specialists and investment managers, driven by a competitive business environment, an appealing tax regime, and economic and security stability that have made it one of the world's most prominent destinations for elite financial markets and asset management professionals.
Against this backdrop, eFinancialCareers, the British recruitment platform specialising in finance and financial technology, has commented on the shifts under way in the global financial sector.
The platform noted that Dubai is drawing a growing wave of talent from traditional financial centres, London chief among them. It pointed to the relocation of a number of senior traders and portfolio managers to the UAE, including Daniel Dangor, head macro trader at Goldman Sachs in London.
Dangor has joined hedge fund ExodusPoint in Dubai, a move that reflects the growing appeal of the emirate as an alternative base for global financial institutions. The platform also highlighted the expansion of international investment firms in the country, among them Balyasny Asset Management, which is establishing an office in Abu Dhabi.
In addition, Citadel is working to set up a fixed income and macro unit in Dubai, drawing a number of employees relocating from London.