Bankers want twin-pronged attack on richest pickings
Private bankers are rallying behind the one-bank model of cross-selling investment banking services, insisting that it is essential to…
Wealth and Asset Management
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One out of every 25 of your UAE neighbours is a millionaire
The rich are becoming even richer, the BCG Wealth Report concludes The UAE has the world’s ninth…
Saudi family Algosaibi names three to executive roles
The hires are the latest from the firm's Dubai office and adds to the trend of debt-laden Gulf family businesses…
NBAD Chief Executive wins Lifetime Achievement Award
The National Bank of Abu Dhabi's (NBAD) Group Chief Executive Michael H. Tomalin has won the Lifetime Achievement Award from…
Beyond Convention report sheds light on wealth
The Report found that wealthy families in the Middle East have a strong entrepreneurial spirit, want to play an…
UAE asset managers shun soft commission
The payment of so-called ‘soft commission’ to advisers in the United Arab Emirates by some asset management companies is causing…
Top wealth owners prefer to invest in the Mideast
The Middle East, whose wealth is estimated to be in excess of $4.5tn with about 35 billionaires, is the…
Swiss private bank Plans Hunt for African Rich With Wealth Management Expansion
UBS, the Swiss bank seeking to boost profit from wealth-management, said it plans to expand in Africa as economic growth…
Lloyds to close Dubai private banking business
Lloyds Banking Group, the lender bailed out by the UK government, is to close its offices in Dubai as…
Wealth Managers Face Tall Hurdles to Build on Rebound – RESEARCH
Faced with troublesome industry trends that will likely lead to lower growth and profitability over the next five years, wealth…
Leading Swiss private banking group establishes subsidiary in Bahrain
The Central Bank of Bahrain has granted an Investment Firm licence to Julius Baer Group to establish a full subsidiary…
UAE asset managers shun soft commission
The payment of so-called ‘soft commission’ to advisers in the United Arab Emirates by some asset management companies is…