Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Former Ferrari chairman di Montezemolo mulls new project in Abu Dhabi

Luca Cordero di Montezemolo is considering the launch of a cultural project in the emirate that will showcase his homeland’s treasures

Current themes in private wealth structuring

Another key piece of data is that billionaires in Asia are getting older which should signal significant transfer of wealth over the next two decades

The 25 biggest wealth managers in the world revealed

The top five groups run over $5.8 trillion in assets with Asian groups making their presence felt in this year's ranking.

Falcon Private Bank's Vicious Cycle

Keller is losing one key top executive and private banker after another, while trying to stanch Falcon's losses and roll out the bank's new strategy.

Lombard Odier launches Shari'ah-compliant investment offering

Lombard Odier partner Leclercq told CPI Financial that the while the offering began as a bespoke creation for one client, it has grown from a $10 million to in the hundreds of millions, primarily for investors in the Middle East.

Swiss bank Lombard Odier in talks on Saudi partnership

This week the Swiss wealth and asset manager launched its first sharia-compliant investment offering.

Commercial Bank successfully issues $500m 5-year bond

To support the issue, senior representatives from Commercial Bank embarked on a roadshow with the Joint Lead Managers to meet investors in London, Singapore, Hong Kong and Frankfurt.

Turkey’s millionaires taking lion’s share of wealth

The New World Wealth report said that wealth growth in Turkey was minus 6 percent in 2017, and highlighted how over the last two years, over 11,000 HNWIs have left the country.

Turkey's Largest Private Bank İşbank and Pisano Collaborated for Customer Experience Management

Our collaboration with Turkey's largest private bank, İşbank, reflects their focus and determination on providing excellent customer experiences which is really exciting for us

Dubai's rising super rich set to boost luxury property sector

Developers line up prime properties to cater to the ultra-rich population

These UAE billionaires donate half of wealth to charity

Meet the latest philanthropists from UAE to give up at least half of their fortunes for the greater good

New ownership rules and buoyant oil market conditions to support Middle East economies

Economies in the Middle East ended 2017 on a high note, with a strong final quarter in 2017, despite some short-term weaknesses surfacing in early 2018

UAE businessmen donate half their wealth to Bill Gates' Giving Pledge

Philanthropists include Crescent Enterprise CEO Badr Jafr, NMC Health founder BR Shetty and VPS Health managing director Shamseer Vayalil.

HSBC Private Banking eyes emerging growth prospects in Mena

Growth in region’s private wealth combined with passing of wealth form one generation offer great deal of opportunities to private banks

Preserve and prosper

Various platforms are now available for the less wealthy to invest their spare change into a savings or a capital growth fund

Revealed: 62 billionaires in UAE hold Dh616 billion wealth

Most UAE-based billionaires have made their money from real estate.

International private jet operator launches in the UK and Middle East

The company is being led by a new senior management team that includes Ben Banda as accountable manager.

Red Alert at Falcon Private Bank

These are the losses which the small bank in Zurich owned by the Abu Dhabi state fund accrued in the past two business years.

Jared Kushner's Family Has Been Looking for Help With a Troubled Office Tower for Years. Qatar Might Bail Them Out

Vornado would continue to own the building’s lucrative retail spaces.

Citi PB’s Rankin: Illiquidity tolerance has grown… here’s why

Rankin said that a greater understanding of thematic investing – such as following structural themes or so-called ‘mega trends’ – has also boosted this shift.

Wealth & Asset Management