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

Noor Takaful CEO steps down

Dr Ahmed Al Janahi, Managing Director, Noor Takaful , said: "Parvaiz Siddiq has been instrumental in steering Noor Takaful 's operations through a crucial and challenging phase over the past five years.

NBAD appoints Managing Director for Global Markets Sales

He brings to NBAD more than 20 years of rich experience working in the financial markets in diverse geographies such as the UK, Hong Kong and Singapore; working for institutions such as Lloyds TSB, West LB and Standard Chartered Bank.

Al Ghurair replaced as chairman of Dubai's DIFC

Abdul Aziz Al Ghurair has been replaced by Essa Kazim as chairman of Dubai International Financial Centre Authority

Standard Life appoints key Mideast head

Standard Life, a leading provider of long-term savings and investments, yesterday announced it has strengthened its regional senior team by appointing Sean McGuire as head of bank distribution in the Middle East where he will oversee the strategy for bank

Old Mutual AM appoints Head of Middle East Sales

will focus on introducing the diverse investment capabilities of OMAM's eight Affiliate firms to institutional investors in the region, including sovereign wealth funds, local pension funds and family offices.

Shuaa appoints strategic advisor

I have always seen Shuaa as the leading UAE investment bank

Global business consultancy firm expands financial services partner team in Dubai

He advises clients on growth strategy, distribution and sales, customer experience and loyalty, and organization.

Flug nominates Canadian-born economist as Bank of Israel deputy governor

Appointment, subject to cabinet approval, would for first time put women in top two posts of Israel's central bank.

Abdul Rahim named new Ithmaar CEO

Ithmaar Bank, a leading Bahrain-based Islamic retail lender, has appointed Ahmed Abdul Rahim as the new chief executive officer.

Qatar Holding deal maker Fakhroo leaves for govt-linked role

A key mergers and acquisitions executive at Qatar Holding, instrumental in some of the fund's most high-profile deals in recent years, has left the firm for a government-related role, banking and industry sources said.

Moelis to hire ex-C.Suisse banker Touma for MidEast role

Moelis & Co, an independent investment bank, is set to hire Rami Touma, previously the Qatari investment banking head for Credit Suisse

Bank Hapoalim to cut 500 positions

Bank Hapoalim is drawing up a new streamlining plan, which will reportedly include the elimination of 500 positions.

UBS names new head of Utilities for EMEA

Swiss bank UBS has appointed former Nomura banker Jean-Philippe Favre as head of utilities for Europe, the Middle East and Africa

NBAD Appoints Head of Trade Finance in Paris

The appointment highlights NBAD 's expanded international activities.

Dubai Group appoints former Emirates NBD banker as CEO - sources

Dubai Group, a unit of the investment vehicle of the ruler of the emirate which is undergoing a $10 billion debt restructuring

Al-Khafrah reappointed Saudi Hollandi chairman

Saudi Hollandi Bank elected its board of directors for the new term starting from Jan. 1, 2014, to Dec. 31, 2016

Trowers & Hamlins expands its UAE Islamic finance team

International law firm Trowers & Hamlins has appointed Islamic finance expert Elias Moubarak as a Senior Associate in the Banking and Finance department of its Dubai office.

Former Rothschild banker to head up Global Investment House’s Banking business

He is a graduate of the London School of Economics and Political Science and brings almost 20 years of investment banking and advisory experience to Global.

Accenture Announces Key Leadership Appointments

Accenture has made key appointments to its global leadership team, creating new roles in strategic areas of its business.

EFG Hermes Hires Former Batelco Exec as CFO

EFG Hermes, one of the largest investment banks in the Middle East, said on Thursday it had appointed Khalid Ellaicy

On the Move