06/08/2018
Falcon Private Bank's Vicious Cycle
Keller is losing one key top executive and private banker after another, while trying to stanch Falcon's losses and roll out the bank's new strategy.
Wealth & Asset Management
06/07/2018
Lombard Odier launches Shari'ah-compliant investment offering
Lombard Odier partner Leclercq told CPI Financial that the while the offering began as a bespoke creation for one client, it has grown from a $10 million to in the hundreds of millions, primarily for investors in the Middle East.
06/07/2018
Swiss bank Lombard Odier in talks on Saudi partnership
This week the Swiss wealth and asset manager launched its first sharia-compliant investment offering.
06/06/2018
Commercial Bank successfully issues $500m 5-year bond
To support the issue, senior representatives from Commercial Bank embarked on a roadshow with the Joint Lead Managers to meet investors in London, Singapore, Hong Kong and Frankfurt.
06/06/2018
Turkey’s millionaires taking lion’s share of wealth
The New World Wealth report said that wealth growth in Turkey was minus 6 percent in 2017, and highlighted how over the last two years, over 11,000 HNWIs have left the country.
06/05/2018
Turkey's Largest Private Bank İşbank and Pisano Collaborated for Customer Experience Management
Our collaboration with Turkey's largest private bank, İşbank, reflects their focus and determination on providing excellent customer experiences which is really exciting for us
06/04/2018
Dubai's rising super rich set to boost luxury property sector
Developers line up prime properties to cater to the ultra-rich population
06/04/2018
These UAE billionaires donate half of wealth to charity
Meet the latest philanthropists from UAE to give up at least half of their fortunes for the greater good
06/03/2018
New ownership rules and buoyant oil market conditions to support Middle East economies
Economies in the Middle East ended 2017 on a high note, with a strong final quarter in 2017, despite some short-term weaknesses surfacing in early 2018
06/01/2018
UAE businessmen donate half their wealth to Bill Gates' Giving Pledge
Philanthropists include Crescent Enterprise CEO Badr Jafr, NMC Health founder BR Shetty and VPS Health managing director Shamseer Vayalil.
05/28/2018
HSBC Private Banking eyes emerging growth prospects in Mena
Growth in region’s private wealth combined with passing of wealth form one generation offer great deal of opportunities to private banks
05/28/2018
Preserve and prosper
Various platforms are now available for the less wealthy to invest their spare change into a savings or a capital growth fund
05/24/2018
Revealed: 62 billionaires in UAE hold Dh616 billion wealth
Most UAE-based billionaires have made their money from real estate.
05/22/2018
International private jet operator launches in the UK and Middle East
The company is being led by a new senior management team that includes Ben Banda as accountable manager.
05/18/2018
Red Alert at Falcon Private Bank
These are the losses which the small bank in Zurich owned by the Abu Dhabi state fund accrued in the past two business years.
05/17/2018
Jared Kushner's Family Has Been Looking for Help With a Troubled Office Tower for Years. Qatar Might Bail Them Out
Vornado would continue to own the building’s lucrative retail spaces.
05/15/2018
Citi PB’s Rankin: Illiquidity tolerance has grown… here’s why
Rankin said that a greater understanding of thematic investing – such as following structural themes or so-called ‘mega trends’ – has also boosted this shift.
05/14/2018
Falcon PB rejects reports of potential sale
The statement comes following a Reuters report suggesting that Abu Dhabi state investor and Falcon owner Mubadala Investment Company has been trying to sell the bank.
05/10/2018
Dukascopy Bank SA launches new office in Dubai
The Dubai office team will assist prospects and clients from Dubai and from the Middle East in their dealings with the Geneva Headquarters.
05/09/2018
Middle East's best bank for wealth management 2018: Credit Suisse
That offering improved last year; Credit Suisse extended structured financing solutions to its ultra-high net-worth and corporate clients, thereby increasing its credit volume by double digits.