08/08/2018
Millennials warm up to buying property in Dubai
Lewis Allsopp, CEO of Allsopp & Allsopp, attributes this to two reasons - affordability and mentality.
Wealth & Asset Management
08/07/2018
Dubai and Singapore wealth manager plans fund re-domicile
Boutique wealth manager plans to bring its Bahamas-domiciled fund to Singapore
08/01/2018
Credit Suisse applies for Saudi banking licence
“I have been to Riyadh, I met the head of SAMA [the Saudi Arabian Monetary Authority], I made the application myself,” Reuters quoted Thiam as saying in response to a query made during a news conference.
07/31/2018
Standard Chartered profits jump despite rising digitising costs
Our improved performance was delivered against a backdrop of continued global economic growth, with strong trade flows and investments and US interest rates continuing to normalise.
07/31/2018
Oman hires Standard Chartered to raise as much as $1.2b
To finance infrastructure at the country’s Duqm Special Economic Zone
07/30/2018
Global Economy likely to continue rewarding Stock Tilted Investment Portfolios - Barclays
The Q3 2018 Compass report kept a tactical overweight position in Developed Markets Equities, with the preferred developed region to invest in being Continental Europe, and with some exposure to Japan to enhance diversification.
07/25/2018
Private Wealth in Oman Expected to Grow 7% Annually in Next 5 Years
According to the BCG report, personal wealth in the Middle East region rose 11 per cent to US$3.8tn in 2017, a significant increase compared with the CAGR for the previous five years.
07/24/2018
1MDB-tainted Falcon bank taps new market in Switzerland's 'Crypto Valley'
Falcon Bank and Liechtenstein's Bank Frick are among a very limited number of the 150-plus private banks in Switzerland and the neighbouring duchy that have begun offering clients a direct way to invest in the volatile asset class.
07/22/2018
Noor Bank rolls out new proposition for the affluent
Sharia-compliant platform offers tailored product mixes and makes art a viable investment option for customers
07/20/2018
Utmost Wealth to expand worldwide with acquisition
The acquisition is conditional on, inter alia, regulatory and competition authority approvals and is expected to complete by Q1 2019.
07/06/2018
Qatari cash expands wealth firm tied to Hong Kong real estate
LJ Partnership is seeking to expand globally
06/29/2018
How’s the Middle East’s wealth multiplying, and where is all money going?
The report also mentioned that the wealth of the Middle East surged by 11.8 percent in 2017, reaching $3.8 trillion from $3.4 trillion in 2016.
06/26/2018
The holistic approach to private banking
Mithani discusses the private banking landscape across the Middle East
06/22/2018
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
06/13/2018
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
06/12/2018
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.
06/08/2018
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.
06/07/2018
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.
06/07/2018
Swiss bank Lombard Odier in talks on Saudi partnership
This week the Swiss wealth and asset manager launched its first sharia-compliant investment offering.
06/06/2018
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.