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

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

Speranza takes UBS FIG helm after Ellison leaves

He left the bank to pursue outside opportunities according to the memo

Shuaa CEO Macdonald To Leave

Shuaa Capital, the Dubai-based investment bank, said its chief executive officer Colin Macdonald will be leaving the group upon expiry of his contract on Tuesday.

Kazkommertsbank announces on changes to the Management Board

Major shareholders of Kazkommertsbank include Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Welfare Fund and the European Bank for Rec

Legendary banker to retire

No announcement was made regarding the succession but the bank is well staffed with senior leadership including Deputy Group CEO Isam Al-Sager and Kuwait CEO Shaikha Al-Bahar

EFG Hermes Appoints New Group Co-CEO

EFG Hermes, a leading investment bank in the MENA region, has appointed Karim Awad as Group Co-CEO of EFG Hermes Holding with immediate effect.

Bahrain's GFH names Rayes as permanent CEO

The sharia-compliant investment house was hit hard by the global financial crisis and it was forced to restructure a number of debt facilities - some more than once - since 2009.

JP Morgan promotes two to senior roles in Saudi Arabia

JP Morgan Chase has promoted two bankers to senior roles in Saudi Arabia

Ahlibank’s chief executive resigns

Sources said that Al Balushi has been working in the banking sector for almost 28 years and now he would like to do something different.

DeVere’s O’Leary appointed to lead Acuma in UAE

The deVere Group has appointed former Geneva based area manager Noel O’Leary to head its recently acquired UAE business, Acuma.

DeVere’s O’Leary appointed to lead Acuma in UAE

Green added that O’Leary “has joined Acuma to take advantage of the exciting new opportunities that our acquisition of it has presented”.

Kuwait's Global to hire ex-Barclays banker as investment bank head: Sources

Global Investment House is set to hire Michael Helou, a former senior banker at Barclays, as its investment banking head

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