UAE-based financial advisory Globaleye has teamed up with Hong-Kong based Chesterman Consulting to offer bespoke retirement and other employee benefit solutions to GCC companies with global aspirations.

Joint CEO of Chesterman-Globaleye Ltd Daniel O’Riordan was the architect of the recently implemented Retirement Plan for the luxury hotel chain Jumeirah Group, a member of Dubai Holding.

O’Riordan said Gulf companies with international ambitions need to upgrade their employee benefits if they want to attract and retain quality staff in increasingly competitive global markets.

“Labour laws in the GCC were drawn up in the 1970s when circumstances were very different; expatriates came here for a few years and then returned home with their gratuities,” said O’Riordan.

“Now that people are buying homes and settling here and will soon be retiring they need to feel they have financial security. Employee benefits schemes play an increasingly-important role in attracting and retaining the right people, especially for organisations looking to expand internationally where such schemes are taken for granted.”

Chesterman has 25 years of experience in international financial management and currently works with blue chip international clients such as InterContinental Hotels Group, British Airways and Raffles/Swissotels, while Globaleye brings 14 years expertise of the GCC market.

Registered in Dubai, Chesterman-Globaleye has all the licences necessary to provide comprehensive financial services and consultancy from retirement and savings plans to health and life insurance.

Retirement Plans are tailor-made to suit each company’s unique corporate requirements, while leaving flexibility for individual employees to suit their lifestyle preferences and personal circumstances.

Chesterman-Globaleye is an independent company and has no allegiance to any of the large financial companies it works with. – TradeArabia News Service