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

Speranza takes UBS FIG helm after Ellison leaves

He left the bank to pursue outside opportunities according to the memo

Shuaa CEO Macdonald To Leave

Shuaa Capital, the Dubai-based investment bank, said its chief executive officer Colin Macdonald will be leaving the group upon expiry of his contract on Tuesday.

Kazkommertsbank announces on changes to the Management Board

Major shareholders of Kazkommertsbank include Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Welfare Fund and the European Bank for Rec

Legendary banker to retire

No announcement was made regarding the succession but the bank is well staffed with senior leadership including Deputy Group CEO Isam Al-Sager and Kuwait CEO Shaikha Al-Bahar

EFG Hermes Appoints New Group Co-CEO

EFG Hermes, a leading investment bank in the MENA region, has appointed Karim Awad as Group Co-CEO of EFG Hermes Holding with immediate effect.

Bahrain's GFH names Rayes as permanent CEO

The sharia-compliant investment house was hit hard by the global financial crisis and it was forced to restructure a number of debt facilities - some more than once - since 2009.

JP Morgan promotes two to senior roles in Saudi Arabia

JP Morgan Chase has promoted two bankers to senior roles in Saudi Arabia

Ahlibank’s chief executive resigns

Sources said that Al Balushi has been working in the banking sector for almost 28 years and now he would like to do something different.

DeVere’s O’Leary appointed to lead Acuma in UAE

The deVere Group has appointed former Geneva based area manager Noel O’Leary to head its recently acquired UAE business, Acuma.

DeVere’s O’Leary appointed to lead Acuma in UAE

Green added that O’Leary “has joined Acuma to take advantage of the exciting new opportunities that our acquisition of it has presented”.

Kuwait's Global to hire ex-Barclays banker as investment bank head: Sources

Global Investment House is set to hire Michael Helou, a former senior banker at Barclays, as its investment banking head

Mirae Asset expands into Middle East

Seoul-based Mirae Asset Global Investments Group is planning to become one of the first Asian asset management companies to set up a distribution team focused on selling into the Middle East.

UBS hires Turkey country head

Prior to joining UBS, Cagan was head of wealth management for Turkey at Morgan Stanley. She previously worked as country head for Turkey at Citibank private bank.

Billionaire Alwaleed’s CFO Said to Quit Kingdom Holding for U.S.

Sanbar is stepping down after more than eight years with Riyadh-based Kingdom to move with his family to the U.S.

CBD announces the name of its New Head of Commercial Banking Group

The newly appointed official, who has completed Masters' degree in Business Administration, joined the CBD in 1988 as a credit officer.

Deloitte Admits 55 Partners, Principals and Directors to Boost Middle East markets Services

Global and regional partners from Deloitte gathered this month in Dubai for the Deloitte Middle East’s annual partners meeting.

Abraaj Group's Senior Partner Leaves Firm

A senior partner at emerging markets-focused private equity firm Abraaj Group, has left the company.

Abu Dhabi investment firm TNI names new CEO to replace Osmansoy

The National Investor, has appointed a new chief executive officer to replace Orhan Osmansoy

Anat Levin named as next Migdal Insurance CEO

Levin will be stepping down as deputy CEO and head of financial markets at Bank Hapoalim.

NCB Capital appoints acting CEO

Following a successful career over a number of years at both NCB and NCB Capital, Al-Halabi is leaving to pursue other career opportunities.

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