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

Alizz Islamic bank elects board

“This milestone marks a key step in our ambition for Alizz Islamic bank to become Oman’s leading Islamic bank.

Citi names MENA consumer banking head

"I am looking forward to working with the Citi team on the ground and further developing our business,"

QInvest appoints new CEO

The new joint venture represents an ideal platform to expand the client lists of both QInvest and EFG Hermes by providing a comprehensive suite of brokerage, asset management and investment banking services.

Senior bankers leave BofA's MidEast ops

A managing director with the bank for more than five years, has resigned and will leave at the end of the year,

Five senior QInvest managers leave after CEO quits

Shahzad was replaced by his deputy Tamim Al Kuwari, previously a managing director at Goldman Sachs.

British boss lost job for not being a Muslim, claims banker

A British boss lost his six-figure salary job at a Kuwati-owned investment bank because he wasn't a Muslim, a tribunal heard.

Dubai ruler trims investment firm board

Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum will continue as the chairman and Dubai crown prince, Sheikh Hamdan bin Mohammed al-Maktoum, will remain vice-chairman

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.

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