11/03/2022
UBS looking to close dealmaking and advisory business in MENA region
The bank also decided to withdraw its on-the-ground activities in the last few weeks.
Wealth & Asset Management
11/01/2022
Saudi National Bank makes a financial investment in Credit Suisse Group as part of Credit Suisse Group's capital raise
Such a potential strategic partnership adds to the rationale of SNB's investment into Credit Suisse particularly given the highly attractive financial returns.
10/20/2022
HSBC expands private banking to cater to UAE’s growing millionaires
The new private bank will cater to the needs of internationally-minded clients with investable assets of over $2 million
10/18/2022
Global wealth set to contract over 2% in 2022
Average nominal growth of financial assets is expected to be at 4.6% until 2025, according to Allianz
10/14/2022
Julius Baer expands its presence in the Middle East by opening a new Advisory Office in Qatar
The Bank and the Qatar Foundation also agreed on a partnership to support community impact engagements relating to youth.
10/10/2022
Asia and Middle East Families Withdraw Assets at Credit Suisse
One Asian family office that pulled out cash said it was told by the bank that there was a queue of unprocessed transactions that resulted in some temporary backlogs.
10/06/2022
KFH – Bahrain launches Wealth Management Platform
“We are already working on upcoming releases which will include additional personalised investment solutions that will further enhance our customers’ overall portfolio management.”
10/06/2022
Global wealth firm opens Dubai office
In a bid to serve HNW clients with cross-border financial planning needs
09/26/2022
Julius Baer is bullish on the Middle East as region outperforms global business
The Swiss private bank, with $442.7bn in assets under management, will open a new hub office in Qatar next month to boost presence in the region, chief executive says
09/23/2022
Top Rothschild Banker Moves to Dubai
Rothschild’s Asia head of equity advisory Finlay Wright will relocate from Hong Kong to Dubai later this year
09/14/2022
Dubai ranked 23rd-most popular city for world’s ultra-wealthy
The city is home to 67,900 millionaires, new report finds
09/08/2022
Are UAE advice clients unprepared for the wealth transfer?
‘Region has long struggled with the concept of estate and succession planning’
09/05/2022
Remittances of expats in Saudi reach $23.46bln in 7 months of 2022
Personal remittances of expatriates dropped 7.3%
09/05/2022
Bahrain to restructure board of wealth fund Mumtalakat, BNA reports
Mumtalakat, which has alittle more than $18bln in assets under management, released its standalone annual results in June, showing that it had swung to profit in 2021 from a loss in 2020
09/05/2022
Credit Suisse deepens Qatar connection
He is a member of the Al-Thani ruling family of Qatar.
08/30/2022
Rothschild & Co launches a Wealth Management representative office in Israel
This development is in line with the group’s strategy to invest in markets where it has an established network and reputation.
08/22/2022
Saudi billionaire takes £182mn stake in M&G
Last week, FTAdviser revealed that M&G Wealth is gearing up to launch an IFA buyout scheme for firms nearing retirement
08/15/2022
Saudi billionaire’s Kingdom Holding invested $3.4bln globally since 2020
Prince Alwaleed Bin Talal's investment firm bought depository receipts worth $527mln in Russian energy companies earlier this year
08/12/2022
Invesco partners with UAE wealth firm to create model portfolios
To fill ‘gap in the market for tried and tested investment solutions for international clients’
08/12/2022
Invesco partners with Secura International to provide model portfolio solutions
The model solutions are constructed using a robust and disciplined investment process which incorporates extensive manager research to produce optimized multi-asset portfolios aiming to address highly complex investing challenges