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

Swiss private banking ME Co-CEO quits

He “has resigned but will continue until the end of the year,” the person said.

Dubai World Tribunal gets new judge

The appointment of Sir David Steel will help to ensure the efficient adjudication of disputes related to the settlement of the financial position of Dubai World and its subsidiaries.

Banks Temper Job Cutting After Surge in 2011 Reductions: Table

Personnel levels are stabilizing as analysts predict financial results will improve for the six largest U.S. lenders.

BofA names MENA investment banking co-heads

"This is a very smart move. Integrating the corporate and investment bank will help BofA to leverage its balance sheet and grab more business opportunities in emerging markets," a banking source familiar with the matter said.

QInvest Said to Cut Jobs at Brokerage, Asset Management

The cuts come as QInvest prepares to form a venture with Cairo-based EFG-Hermes in what the companies said would be the Middle East’s largest investment bank.

JP Morgan picks Nomura banker for senior Middle East job

He was most recently a managing director at Nomura's investment banking division in Dubai, where he handled public sector clients for the Japanese bank.

Janus Capital appoints Head of Middle East, opens Dubai office

Prior to joining Janus, he was Head of GCC Business Development at Royal Capital in Abu Dhabi.

Goldman, Morgan Stanley lose top Qatar bankers to local firms

The recruitments come as the tiny Gulf Arab state, home to sovereign wealth fund Qatar Investment Authority, spends billions on overseas acquisitions and invests in Arab states to boost its political clout.

Qatar Exchange appoints new CEO

He is currently the deputy chief executive of the bourse

Former HSBC exec appointed as MD Coutts International, UK

joins from HSBC where he held several senior positions in the private banking division In this new role, Michael will lead Coutts’ Asia, Africa and NRI teams in London.　

Barclays strengthens its wealth and investment management team in the Gulf region

He held senior positions in regional and international organisations such as Kuwait Financial Centre "Markaz", National Bank of Kuwait and CIG Corporation.

Adia names head of principal investments

He will be responsible for overseeing the fund’s acquisition of equity stakes in private companies, ADIA said in a statement, adding he will report to Hareb Al Darmaki, executive director of the fund’s private equities department.

Job axe falls on Mideast bankers as global giants retrench

Investment banking jobs axed in Gulf, especially Dubai

BNP Paribas boosts real estate team

She will be in charge to develop and coordinate international operations for future global clients and more specifically to raise funds in Asia and the Middle East.

HSBC names head of EMEA credit research

HSBC Holdings said it named Lior Jassur to replace Ben Ashby as head of credit research for Europe, the Middle East and Africa.

Nomura Said to Cut Third of Dubai Investment Bank Jobs

Nomura is reducing four of 12 positions in Dubai

Coutts Hiring Private Bankers to Boost Mideast Business

The bank and rivals are recruiting private bankers

Bank Alkhair appoints new chief executive

Previously he served numerous international and regional institutions in an executive, board and advisory capacity, including Chase Manhattan Bank, Union Bank of Switzerland, Investcorp, Gulf International Bank, Ithmaar Bank and Alpine Wealth Management.

PineBridge Appoints ME COO

PineBridge recently received a Category 1 investment license from the Central Bank of Bahrain and to establish its regional headquarters in Manama.

Deutsche Bank Layoffs and Bonus Cuts Could Trigger Exodus

Analysts worry that the stricter rules could trigger employee exodus

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