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

QInvest CEO quits amid restructuring

I've completed a good part of what I was supposed to do

PineBridge names new marketing MD

This appointment reinforces PineBridge's commitment to diversity, especially at the senior management level.

ADCB hires Standard Life chairman

A former investment banker at Schroders replaces Lord Mervyn Davies of Abersoch

SG Private Banking strengthens presence in Middle East and Africa

Societe Generale Private Banking has made the following appointments, which will strengthen the commercial structure it has developed to serve wealthy Middle East and African clients:

Board member quits Dubai's Mashreq

Mashreq last month announced a 28.3 percent increase in net profit for the first nine months of 2012.

Qatar's Ahli Bank appoints acting CEO

Ahli Bank in Qatar has named Mahmoud YehiaMalkawi as its acting chief executive officer

Senior execs leave top UniCredit shareholder Aabar

Has lost its chief financial officer

Houlihan Lokey Increases Its Industrials Sector Coverage In EMEA Region

Kroissenbrunner was previously at UniCredit Group in Vienna

JP Morgan poaches prime brokerage head from rival

JP Morgan is one of several banks trying to expand into prime broking

Gulfbankers Executive Search appoints new Associate Director for Bahrain

He has held senior-level positions at widely regarded executive search companies in the Gulf and the UK.

UAE banks won't be affected by Western lay-off wave: CEO

Unlike Western banks, local lenders in the UAE have not inflated

UBS Appoints New Investment Bank Team

UBS has appointed a handful of bankers to run its retooled investment bank, days after the Swiss bank announced a sweeping overhaul that will sharply decrease the risk and size of the division.

Bain boosts ME group

De Mol joined the firm in 2002 and has worked in several offices, including Brussels, New York and Boston, before relocating to the Dubai office in 2009.

Edelman Launches In Turkey

Chris Dobson, Edelman MD of strategic and emerging markets in EMEA, said the firm's move into Turkey was driven by increasing demand from clients.

Emirates NBD Asset Management appoints Senior Executive Officer

He takes over from Deon Vernooy, who has moved on to pursue other career opportunities.

Kuwait Finance House appoints new chairman

KFH board thanked Al-Nafisi for his efforts during his previous posts

Former director of securities lending sales gets new role at RBC Investor Services

He will be responsible for defining and providing the appropriate products and services to support them.

Credit Suisse, UBS could cut a total 7,000 jobs

UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported.

Key BBK roles for Bustani and Burshaid

Bank of Bahrain and Kuwait has announced new appointments to its executive management

Neuberger Berman picks Middle East expert

He was previously head of MENA and new markets at Goldman Sachs Asset Management

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