14 articles found within the last year.
Displaying results 1 - 14
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SocGen's wealth management arm eyes Middle East growth
Société Générale is looking to establish its wealth ... "We are optimistic about the region and expect ... The private banking unit has more than €71bn ... The Middle East, flush with petrodollars after years ... High net worth individuals, or HNWIs, in the ... Lorentz said while the global economic downturn may...
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Banks struggle with Middle East fee slump
Investment banking fees in the Middle East have ... Banks earned a total of $643m (€439.9m) in ... Fees have fallen across the board, with a ... Work advising companies in the region's finance sector ... Swiss-based Credit Suisse leads the revenue rankings for ... The latest data highlighting falling banking fees in...
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Investcorp hedge funds assets halve in loss-making year
Bahrain-based Investcorp has become the latest private equity ... Investcorp’s hedge fund assets halved in value from ... The group said the fall in the value ... Investcorp was one of the early private equity ... Other private equity firms such as the Carlyle ... The assets managed by Investcorp’s private equity business,...
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Bank of London and The Middle East builds in private banking
The Bank of London and The Middle East ... Muriel Simon, Fazal Ahmed and Ihab Al-Derzi join ... Simon joins from Swiss bank UBS in London, ... Ahmed joins from Bank of Ireland Property Finance ... Al‐Derzi joins from Barclays, where he worked within ... Adrian Gayler, head of private banking at BLME,...
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Wealthy seek deals in the Middle East
Despite the crash in oil and property prices, ... According to one intermediary: “When I bring them ... However, this means banks are getting opportunities to ... One banking source said: “Recent cases in the ... Barclays Wealth declined to comment on specific refinancings....
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Former BarCap banker sets up advisory business for wealthy investors
Barclays Capital's former head of strategic equities for ... Jérôme Laurre left BarCap in May to set ... These deals help companies or financial institutions with ... Some of the greatest demand this year has ... As reported by Financial News this week, bankers ... Laurre, who has more than 12 years experience...
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Abu Dhabi's Mubadala doesn't rule out further bond sale
Mubadala Development, the investment arm of the Abu ... "We aim to optimise our capital structure through ... Earlier Monday, Dubai-based business daily Business 24-7 reported ... A number of Abu Dhabi government-related companies have ... Aldar Properties, Abu Dhabi's largest real estate developer,...
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Relocation, relocation, relocation
Banks have never been shy of firing staff ... There have been staff cuts during this crisis. ... Asia and the Middle East have risen up ... JP Morgan recruited close to 1,700 staff in ... High-profile appointments have highlighted the changing global investment ... Early last year, Vikram Gandhi, head of Credit...
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Credit Suisse plans Middle East play
Credit Suisse is preparing for a push into ... Credit Suisse will start offering so-called direct market ... Such services can allow fund managers to improve ... Rob Maher, head of advanced execution services sales ... However, the launch comes amid a sharp decline ... The Middle East has been particularly hard hit...
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Investcorp consortium picks up Saudi jeweller
A consortium led by Bahrain and London-listed Investcorp ... "The enterprise value of L'azurde is in excess ... Investcorp, along with National Commercial Bank's Eastgate Capital ... "Given the turmoil of the market place, asset ... The Investcorp-led consortium will be the majority shareholder...
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Crisis creates opportunity for Islamic wealth management
Beneficiaries from the financial crisis are few and ... Humayon Dar chief executive of BMB Islamic, an ... Many wealthy individuals in the Gulf preferred to ... The regional head of a privately owned Swiss ... The more constrained approach of Islamic institutions, which ... Adrien Gayler, a former Merrill Lynch executive who...
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GLG hires Middle East specialist from Goldman
Alternative asset manager GLG has hired the Goldman ... Youssef Kabbaj, the Dubai-based head of strategic coverage ... Kabbaj is understood to have been among the ... During his time at Goldman Sachs, Kabbaj is ... CLOs parcel portfolios of leveraged loans, and equity ... Last week, Financial News reported that Goldman Sachs...
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Sharia'a-compliant private bank launched in the UK
Bank of London and The Middle East is ... BLME Private Banking will provide Islamic finance solutions ... Adrian Gayler will head the business; he joins ... The new private banking offices will be based ... Humphrey Percy said: "Despite difficult financial market conditions...
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Baring to shut two hedge funds
Baring Asset Management is planning to close two ... The 246-year old company, which first entered emerging ... Each fund was too small to justify its ... About $13.6bn of the $40.8bn investors pulled from ... Japanese and emerging market equities have proved unprofitable...
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