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

NBAD appoints new mergers head

Michael Aissaoui joins NBAD from Société Générale in Paris where he served as head of M&A for the Mena region, a statement from the bank said.

Morgan Stanley Names 210 Managing Directors, Fewest to Win Rank Since 2008

The number of new managing directors fell from 232 last year and 212 the previous year.

Simmons announces job cuts in Abu Dhabi and Dubai offices

Simmons' Abu Dhabi office currently has 11 lawyers, including four partners, while the Dubai base has 18 lawyers, of which five are partners

Barclays expands global trade team in Middle East

He will be responsible for building the Trade and Working Capital Product and Sales organisation in the region aimed at growing Barclays market share in these businesses.

Birla Sun Said to Hire Abu Dhabi Sovereign Wealth Fund’s Vora

Vora, who has worked at the Abu Dhabi Investment Authority since March 2009, will manage 35 billion rupees ($686 million) in offshore equities for the Indian asset manager, the official said declining to be identified before a public announcement.

Ajman Bank appoints acting CEO

He replaces Mubashar Khokhar, the previous CEO, who has resigned from his position with the bank citing personal reasons as the motivation for his departure.

DIB taps new SVP-Head of central operations

Mr. Al Falasi holds a Bachelor of Science degree from the University of Arkansas at Little Rock. Most recently he held the position of SVP - Head of Direct Sales and Alternative Channels at one of the region's largest banks.

SHUAA Capital appoints former Credit Suisse exec as Vice Chairman of Gulf Finance

Dr. Al-Binali's experience includes founding and overseeing regional financial services companies.

Deloitte expands Mideast operations

A number of additional appointments and transfers reflect the firm's focus on addressing client needs in growth sectors in the region, including Energy, Oil & Gas, Telecommunications, Technology, Hospitality and Financial Services.

Ahlibank to launch Islamic banking services in Oman

The bank’s Islamic banking operations will be segregated from its conventional counterpart in all aspects. Furthermore, in line with CBO requirements, the bank will also have four-member Shari’ah board to ensure the operations are in complianc

Ex-Kleinwort and Deloitte heads join board of Middle East trust

Chris Ward has been appointed as non-executive chairman of Qannas Investment, which this morning announced it intention to begin trading on London's alternative investment market (AIM).

Ex-Kleinwort and Deloitte heads join board of Middle East trust

Chris Ward has been appointed as non-executive chairman of Qannas Investment, which this morning announced it intention to begin trading on London's alternative investment market (AIM).

Northern Trust names new head of EMEA sales and new head of Nordics

In her new role, Burgess is responsible for managing the growth and development of Northern Trust's business activities across Sweden, Finland, Norway and Denmark. She reports to Penelope Biggs, head of the Institutional Investor Group for EMEA, and

UBS names new COO of EMEA investment banking department

He replaces Michelle Bereaux in that role, the bank said. A UBS spokesman confirmed the appointment.

Shuaa names credit finance chief

Prior to this, Dr Al-Binali was the principal and chief investment officer of Saffar, a position held since May 2007.

Boston Consulting Group appoints new partner

New Appointment Announced Amid Middle East Growth Plans

CI Capital Appoints Senior Director USA Sales

In his new role he will support sourcing business from institutional investors in the US market and build a sustainable clientele base

VTB Capital appoints Middle East head in international push‎

He joins from Nomura where he was head of emerging markets.

Dubai Islamic CEO quits GFH board

Al Hamli, who held the position of a board member at GFH, has decided to focus on his duties at Dubai Islamic, according to a statement on the Dubai bourse website.

Shuaa axes more staff as part of 'rightsizing'

Shuaa plans to expand its asset management and advisory business in Abu Dhabi, Saudi Arabia and Kuwait and will focus on high net-worth family businesses and small- to medium-sized companies as well as institutional clients

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