Looking to the Middle East
At HSBC, we are ideally-placed to support businesses in the professional services sector, serving you across our full range of banking services in the MENAT region.
As a trusted partner, we can support organisations in the sharing of leadership and business experience to help drive your business forward. This is especially relevant as firms strive to push forward their diversity agendas, embed sustainable practices and embrace digital transformation in business models locally, regionally and internationally.
The MENAT region’s economic refashioning, regulatory change and geopolitical tensions pose challenges for every business, but for the professional services sector, they are also abundant sources of opportunity.
Professional services sector expertise
The role of the professional services sector is central to the MENAT region’s journey towards economic transformation. As Mike Littlewood, HSBC's Sector Head for Professional Services, in MENAT, explains, growth for professional services firms is coming from helping clients adapt and stay abreast of economic transformation changes, national visions, regulatory, trade, and geo-political changes, and as economies become more interconnected.
Future proofing your workforce
One of the biggest challenges for the professional services sector in the region is the diminishing number of expats in the workforce. As in other established hubs such as Singapore and Hong Kong, resource is beginning to dwindle.
Professional services firms rely disproportionately on expats – but this also spells an opportunity to adopt a very different resourcing policy: make the private sector more interesting and appealing to the regional community and identify and develop talent locally to create a more sustainable workforce.
Rather than having to build a capacity, you can partner with somebody who has expertise and run alongside them.|
Qatar Professional Services sector: Tentative Confidence Gains Pace
HSBC's inaugural Qatar Professional Services virtual Roundtable addressed several themes, including growing confidence in the country’s post-pandemic recovery, the state of restructuring and M&As and shifting talent dynamics.
Egypt: Professional Services Optimism shines through resilience
HSBC's inaugural Egypt Professional Services Roundtable addressed several themes, including the country’s economic resilience, as well as the importance of allowing human and investment capital to flourish.
A Time for Ingenuity and Design in MENAT
HSBC's latest regional Professional Services Roundtable addressed a number of themes including the impact of vaccine rollouts, the need for a stronger SME segment and regional recovery outlooks.
Growth drivers and predictions
The next few years will see MENAT-based consultancies push into new territories, while boosting their policymaking influence.
Opportunities on the horizon
As companies move to rebuild from the COVID-19 pandemic, senior leaders from Professional Services firms joined HSBC for the latest sector roundtable to discuss key trends, risks and opportunities to consider for the upcoming year.
MENAT Professional Services sector performance improves amid watchful optimism
HSBC's latest regional Professional Services Roundtable brought together senior leaders to discuss the sector dynamics, the economic and COVID-19 impacts, alongside government policy and risks
View more sector specific insights
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