November 4, 2023
A highly reputable and well-capitalised retail and commercial Gulf bank – with strong roots in the Gulf and around 150 branches across the Gulf region and Europe – engaged our services to identify suitable leaders to execute a new top-down strategy, which involved re-organising the leadership of the bank to prepare it for a pivot towards a more digital era for banking in the region.
Challenge:
Re-organising the entire leadership team of the bank; a large project with several concurrent retained processes and an expedited search schedule, aligning with the Bank and CEO on identifying the right balance of cultural alignment, technical expertise, and shared vision, with an appetite to relocate to a less active part of the Gulf, where this bank is headquartered. Furthermore, there was an upcoming announced take-over of the bank, which presented a challenge we had to navigate with the Bank in designing and successfully executing their talent attraction strategy.
Our role:
Successful completion of this project required leveraging our expert market knowledge to design an effective search schedule, with the key stakeholders involved. A big part of our role was in providing the right evidence and market intelligence to support the search design from the outset. Once we had all agreed on parameters, our expert team of consultants were able to quickly access the right individuals and prepare a long-list / short-list of names for our client.
Results:
The project ran in phases over the course of 24 months, during which period we successfully landed the following new hires into the Bank:
Group Chief Operating Officer
Group Chief Technology Officer
Group Chief Audit Officer
Group Chief Legal, Compliance and Risk Officer
Group Head of Credit Risk
Group Head of Data and Technology
Group Head of Private Banking
Group Head of Treasury
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