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

Four top Interior Ministry officials retired

The decision included the promotion of the major generals to lieutenant generals and the brigadier to major general.

OMD managing director Nadim Samara promoted to UAE CEO

Under his leadership, OMD has picked up a number of big regional accounts including Nissan, flydubai and Abu Dhabi Commerical Bank.

Mashreq strengthens leadership team with new Head of Asset Management Business

Mashreq said: “Christophe brings a wealth of investing experience to his new role.

Abu Dhabi fund ADIA appoints Beaton global operations head

According to the statement, Beaton will be responsible, together with other members of senior management

Al Hilal Bank reinforces its leadership team

Mr. Sandeela led executive roles in renowned financial organizations where he established strong connections and ties with key regulators regionally and internationally

Emirates NBD’s Islamic arm cuts over 100 jobs

Earlier this year, Emirates Islamic cut around 200 jobs

Saxo Bank continues MENA region build-out with key management appointments

Anwaar Ahmed has also joined Saxo Bank as Head of Institutional Business Development MENA

Mashreq Capital’s CEO Said to Leave After Month in the Job

Mashreq Capital oversees about $1.6 billion across equity and fixed-income funds.

Al Hilal Bank’s new CIO looks to collaborate with fintechs

It is based in Abu Dhabi, having been founded by the Abu Dhabi Investment Council.

UAE’s Dhabi Group appoints new chief executive

Dhabi Group has investments across sectors including telecommunications, financial services, real estate, energy, health care and construction in the UAE, Pakistan, Turkey, Georgia, Africa and the United States.

Panmure Gordon appoints new director

QInvest has been a very supportive major shareholder since August 2009

NBAD group chief executive steps down

“NBAD approaches the merger with FGB in a strong financial and risk position, recognised as the safest bank in emerging markets and the highest rated bank in the UAE."

Aramco Names Wealth Fund Secretary General to Board in IPO Push

Al-Rumayyan was appointed in July, and Mohammed al-Suwaiyel, minister of telecommunication, has left the board, according to a company official, who asked not to be identified citing policy.

Mashreq Qatar announces new head of Retail Banking

Tooran Asif, new head of Retail Banking in Qatar

HSBC’s Saudi Arabia investment, asset management heads resign

HSBC’s assets under management for mutual funds in the public domain at the end of June was about $1.4 billion.

Morgan Stanley Saudi Arabia CEO leaves, chairman to step down

Aractingi, who joined the lender in Dubai in 2010 and became head of the bank’s Saudi Arabia operations in 2013, plans to pursue other opportunities, the memo said.

Northern Trust Names Chief Diversity Officer for EMEA and APAC

She has more than 13 years of experience in the legal, professional services, banking and insurance sectors.

Harwood-Jones to head new securities services team

She has over 20 years of experience in the securities services industry.

Elhedery is HSBC’s CEO for Mena region

He subsequently moved to Dubai in 2010, initially as Head of Global Markets, Mena, then as Head of Markets and Capital Financing

Northstar Furthers International Expansion With Key Hire and Office Opening in Dubai

Northstar's compelling products and highly experienced team are ideally placed to help Financial Advisors fill that void.

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