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

BI-SAM announces new EMEA organisation structure

Continuing on the growth path it has been following these last years, the BI-SAM group will communicate throughout 2012 about its ambitious 3 to 5 years strategic growth plan.

Bonhams appoint Middle East Rep

started her career in banking with Dresdner Kleinwort Benson.

Aon Benfield’s announced New CEO for MENA

He most recently served as Regional Director Middle East & North Africa at Willis Re, and has previously worked as a Middle East treaty underwriter at reinsurer SOREMA

Emirates NBD plans 15 pct staff cut

Emirates NBD ENBD.AD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, two sources familiar with the matter said on Monday.

Warba Bank names retail banking chief

His appointment plays a key role in supporting the Warba team to witness targeted growth and continuous development.

Dubai bourse appoints ex-BarCap futures chief

The Middle East bourse has appointed Rod Banus, the former head of futures for Asia-Pacific at Barclays Capital, to head up its customer relations efforts, Financial News has learned.

Base pay increases highlight regional differences in financial services

Base pay increases in the world’s financial services sector continue to be markedly different depending on region, according to new data issued by Mercer.

UGB appoints Acting Chief Executive Officer ‎

Prior to re-joining UGB in 2009, he held senior operating positions in KIPCO Group Companies including Chief Executive Officer, United Gulf Financial Services Company, Qatar and Group Chief Financial Officer, Wataniya International FZ LLC.

Zurich appoints Kuwait GM

“As Zurich continues to expand its presence in Kuwait, Anas’s in-depth understanding of the local market will be invaluable,” said Maroun Mourad, CEO of Zurich’s General Insurance business in the Middle East.

Nomura expanding global rates and FX team in the Middle East

Hyeonmuk Mun, who has 15 years of experience in trading in the Middle East & Africa with RBS Global Markets, Calyon CIB and Citibank, will lead the team as Managing Director, supported by two senior traders.

CBK appoints Nuhad Saliba as CEO

Saliba enjoys strong professional business record fraught with diverse achievements which qualify him to occupy this important position.

Bank of Israel: Hapoalim CEO can keep his job

Nonetheless, Zaken found flaws in Bank Hapoalim's approval of credit to then-chairman Dan Dankner, when Kenan served as head of the bank's corporate division. In that capacity, Kenan was responsible for submitting Dankner's requests to the

StanChart named best foreign bank

The award was presented at the ‘Emeafinance Middle East Banking Awards’ ceremony in Dubai.

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.

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