Gulfbankers Executive Search opens its fifth office in Lebanon

Operating under Gulfbankers Executive Search Lebanon, the Lebanese company is a fully-owned subsidiary of Forum International.

Adel Al-Alawi, Chief Executive Officer of Gulfbankers Executive Search subsidiary company of Forum International said:

"We are extremely pleased to announce the launch of our operations in Lebanon. Because of the 2006 Israeli war in Lebanon and the latest political instability, Lebanon is yet to take advantage of the growth that is currently witnessed by other Arab Countries."

He added, "With the recent political reforms and stability, there is tremendous potential for the growth of the banking industry in Lebanon, we at Gulfbankers aim to contribute in this growth by attracting top Lebanese talents, inside and outside Lebanon to contribute for the growth of the banking sector."

He said, "Gulfbankers will forge strong relationships in Lebanon and work with the leading banks and Financial Institutions to ensure that we are able to make a lasting contribution to Lebanon economic growth and diversification."

Noha El Shazly, Country Managing Partner of Gulfbankers, said:

"Gulfbankers has witnessed rapid growth in its home market, and enjoys leadership position in the GCC. We are now keen to implement our regional strategy and bring our expertise to the burgeoning Banking market in Lebanon. We are Confident that our commitment to the Lebanese market will help us in replicating this success."

Rola Karam , Associate Director/ Country Manager -Lebanon said:

"The opening of an office in Lebanon will allow us to further build upon our successes, as well as demonstrating an ongoing commitment to the region. Lebanon is undoubtedly a very attractive market and we have recognised that there are huge opportunities there and we are looking forward to identifying and developing suitable schemes over the coming months."

Gulfbankers have also this year opened branches in Saudi Arabia and Egypt, bringing its network of offices in the Middle East to five locations including Bahrain and UAE, further new offices is expected in India and Singapore later this year.By 2011, Gulfbankers Executive Search anticipates international operations contributing 20% -30% of total revenues.