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

CEO of Elaf Bank Departs

The Board appointed Mr. Sohail Niazi, the COO of Elaf Bank, to assume the role of acting CEO.

Bahrain Mumtalakat CEO resigns

His resignation was accepted by the board of the of the sovereign wealth fund that manages state companies, including Gulf Air and Aluminium Bahrain.

Head of Bahrain sovereign wealth fund quits

The move looks set to boost the Gulf state’s troubled financial sector, but it has also raised concerns about the erosion of reformists from leading government roles.

Watch Out! Ten Interview Questions Designed To Trick You

Do you know how to read the subtext?

World Bank chief says U.S. should lead some global bodies

The World Bank last week launched the nomination process to select a new president to succeed Zoellick when he steps down in June, inviting names from any of its 187 member countries. The Obama administration has said it would open the process to competit

VTB Capital's hiring spree signals global intent

VTB Capital continues its global expansion with a series of hires in its Middle East and Africa investment banking business.

Investec appoints former IMF director Lipschitz

Lipschitz will be based in Cape Town and will work closely with the fixed income and multi-asset teams to help formulate their macroeconomic and thematic views.

Ahli Bank appoints new CEO

During Murad’s tenure, the bank witnessed remarkable progress and development and achieved excellent financial results.

Hillary Clinton among contenders for World Bank top job

US Secretary of State Hillary Clinton and former White House economic adviser Lawrence Summers are two leading candidates to succeed World Bank President Robert Zoellick when he leaves in June, said two people familiar with Obama administration discussion

Jobs at risk again at Dubai's Shuaa Capital after latest losses

The bank's losses for the fourth quarter totalled Dh111.8m, a decrease of 40 per cent compared with the same period a year earlier.

Northern Trust strengthens alternatives group

Northern Trust Alternatives Group also promoted Brad Dorchinecz to Director of Private Equity.

Israel's Bank Leumi names new CEO‎

Brodet said, "I am convinced that through her ability and talent, she will lead the bank to major achievements."

Emirates NBD Deputy CEO said to leave

He has been with the group since 1986, was appointed deputy CEO in May 2009 and was also in charge of wholesale banking, according to a press release issued at the time.

Merrill Lynch Wealth Hires HSBC, Barclays Bankers in Mideast

Merrill Lynch Wealth Management hired bankers from HSBC Holdings Plc and Barclays Plc in the Middle East as the unit of Bank of America Corp. boosts its operations in the region.

BNY Mellon Appoints New Chairman of Middle East & Africa

He also retains his existing role as Head of Developing Markets Client Management.

Carlyle says Middle East chief stepping down

Walid Musallam will be succeeded by Can Deldag and Firas Nasir, Rosanna Konarzewski, a spokeswoman for Carlyle in London, said by telephone. Carlyle, which is investing a $500 million fund in the region, declined to elaborate on the reasons for his depar

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