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

Maktoum bin Mohammed appoints new Director to the DIFC Courts

Appointment follows the issuance of Law No. 5 of 2021, which outlines the new duties of the Director

Gilbert’s AssetCo appoints former SLA director

AssetCo, chaired by former Standard Life Aberdeen joint chief executive Martin Gilbert, has appointed a former SLA director to the firm as it eyes expansion into EMEA markets. Lucy Draper will be joining the business as director of distribution, reportin

Millennium, Barclays Hire Ex-Bank of America Staff in Paris

Former BofA director Paternot joins Millennium in Dubai

Exodus At Quintet's Swiss Private Bank

The departures, many of which were reported on Tuesday by «Inside Paradeplatz» (in German), come amid sweeping changes at the Luxembourg-based parent which is owned by Qatar's ruling al Thani family.

Investcorp hires global head of institutions

Investcorp, which focuses on private equity, real estate, credit management and absolute return investments, has $37.6 billion in assets under management.

UBS Poaches Middle East Team From Rival

The region is both a boon for private banks as well as – reportedly – a source of huge staffing tension.

Columbia Threadneedle expands leadership team following BMO EMEA acquisition

Adds trio to executive team

UBS Hires Team of Middle East Private Bankers From Credit Suisse

“Credit Suisse is fully committed to the Middle East region and will continue to invest.”

EBRD appoints new Head of Lebanon

Mr Dinguizli said: “I’m honoured to take this responsibility and to continue the work that has been done in Lebanon, supporting the private sector and helping the economy in these challenging times.”

Amr Tharwat appointed new MD and CEO of Bank ABC Egypt

The announcement follows the Board of Bank ABC Egypt's approval of the appointment

Bank ABC names new managing director for Egypt unit

Amr Tharwat is expected to begin his tenure on September 26

South Africa: UAE, Saudi Arabia brace for economic strategy shake-up

South Africa has welcomed a new finance minister at a crucial time for the country's economy

Bank ABC appoints new MD and CEO of Egypt franchise

He was most recently the MD, Deputy Head of Global Banking and Head of Corporate Banking MENAT for HSBC out of Dubai.

Johannes Distler named Chief Strategy Officer of Aramex

He also gained in-depth expertise in the maritime sector, having worked on a large number of projects for global and regional shipping companies, port/terminal operators and shipyards.

TigerRisk taps Lloyd’s talent to grow international reinsurance P&C practice

The move is part of TigerRisk’s strategy of growing its London international P&C practice, which services major global insurers and reinsurers in Europe

Nair appointed senior executive officer to lead ZWS

Vivek has agreed to step in as interim CEO for Zurich International Life in the Middle East, subject to regulatory approval.

Pinnacle strengthens EMEA sales team with Schroders hire

James Longman named associate director

OAB appoints new Chief Audit Executive

Hamza Moosa Baqer as Chief Audit Executive, as of August 1, 2021

NMS Consulting appoints three new partners in Istanbul office

“We are very excited about our expansion in Turkey as we continue to expand our team in the Middle East region.”

Ahmed Faiyaz joins KPMG’s healthcare industry team

Faiyaz also spent a total of nine years with the Dubai Health Authority across two stints

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