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

UDC appoints Omar Alfardan as managing director

Alfardan is the president of the Alfardan Group, which has interests in automotive, hospitality and retail business in Qatar and is one of the country’s most recognised companies.

EAB Appoints New MD for Corporate and Institutional Banking

He joins the Bank from BNP Paribas

UBS hires JP Morgan veteran for its global family office

His role is a new one for the firm and is designed to make sure billionaires get better access to corporate finance transactions including initial public offerings.

Shuaa appoints former ABN Amro exec as CEO ‎

He left the Dutch lender in 2010 and has been working as an independent financial advisor since then.

Deutsche Bank: MENA chairman Azzam steps down

Azzam was named non-executive chairman of the bank in 2010. Prior to that he was chief executive of the bank's Middle East business.

Former Union Bancaire Privee Execs to lead Jefferies new Dubai office

He joins the firm from Union Bancaire Privee, where he spent 11 years and was CEO of the Qatar office and Managing Director of Dubai.

Al Salam Bank's Board Elects HH Shaikha Hessa as Chairperson

An active member of the royal family of the Kingdom of Bahrain, Shaikha Hessa gained her Bachelor's degree in Management (1998), and her Masters degree in Social Policy and Planning (2002) both from the London School of Economics and Political Scienc

JP Morgan appoints MENA corporate banking head

UBS Said to Hire Mimaroglu From Credit Suisse for Turkey

Mimaroglu, 37, has left Credit Suisse and will join UBS in Istanbul on May 1, the person said, declining to be identified because the hiring hasn’t been publicly disclosed. Dominique Gerster, a spokesman for UBS in Zurich, declined to comment.

HSBC to retain most staff following Lloyds' takeover

Acquisition of lender's UAE operations subject to regulatory approval

New appointments at QIB

Prior to joining QIB he held various senior roles at Al Rajhi Bank for about eight years.

ADIA Strenthens equities team with Latin America head

With over 24 years of asset management experience, Favrin will report to Mohamed Al Khoori, executive director, at the Internal Equities Department.

Talal Al Zain Appointed Head of Pinebridge Investments Middle East and North Africa

In addition to managing PineBridge’s regional operations, Mr. Al Zain will serve on PineBridge’s Executive Committee.

Emirates NBD appoints new CEO for Dubai Bank

"The new phase aims at unifying the management teams within our two Islamic arms," Rick Pudner, group CEO of Emirates NBD, said in a statement.

Abu Dhabi, Doha up salary offers to rival Dubai

Employers in Abu Dhabi and Qatar offer as much as 30 percent more money than their counterparts in Dubai to attract candidates because of the cost of living, according to a human resources expert.

New Kuwait bank chief announced

Hashel, who has been the deputy governor for several years, was promoted to acting governor last month after former central bank chief Shaikh Salem Abdul Aziz Al Sabah resigned in protest against a steep rise in spending.

HSBC Middle East to slash jobs

Staff at HSBC Middle East have received an email today announcing immediate company plans to implement redundancies, Arabian Business has learned.

Bahrain SWF Mumtalakat names new CEO

He was deputy chief executive of the fund since 2006, was also mostly recently the chief executive of Bahrain-based labour fund Tamkeen, Mumtalakat said in a statement.

SNR Denton Islamic finance head resigns

Libya, Egypt and Tunisia have seen renewed interest in Islamic finance since last year's uprisings toppled governments which neglected or discouraged the industry for ideological reasons. Oman announced last May that it would introduce Islamic financ

Ex-Deutsche banker tipped for top Bahrain SWF job

The family rules Bahrain and many ministerial jobs in the Gulf Arab island kingdom are held by family members.

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