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Credit Suisse acquires Morgan Stanley unitCredit Suisse has signed an agreement to acquire Morgan Stanley’s wealth management businesses in Europe, Middle East and Africa (EMEA), excluding Switzerland. The businesses with a More… |
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Falcon eyes more buys after Clariden dealFalcon Private Bank, the Abu Dhabi-owned entity which bought the London unit of Clariden Leu, is eyeing more acquisitions in the boutique wealth management sector as the industry consolidates to cut costs, a top executive said on Monday. More… |
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Swiss-based Altaira opens Bahrain unitAltaira Wealth Management, the Swiss headquartered wealth manager, has launched its Bahrain-based subsidiary, Altaira Middle East. Based in Geneva, Switzerland, Altaira Wealth Management offers wealth management services to family offices More… |
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Bahrain investment firm opens India officeBahrain-based The Family Office (TFO), a leading wealth management company, has strengthened its global position with the opening of a new office in Bangalore called TFO Management (India). This will allow almost round-the-clock support to More… |
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Merrill Lynch names UAE market managerMerrill Lynch Wealth Management has appointed Ahmed Barakat as United Arab Emirates (UAE) Market Manager with effect from July 25. Barakat will be based in Dubai, reporting to Tamer Rashad, head of Middle East, Merrill Lynch Wealth Managem More… |
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Sedco sets up $2.9bn wealth management firmSaudi-based Sedco Holding has announced the launch of a wealth management company based in Jeddah with a strategic asset portfolio of SR11 billion ($2.9 billion). Sedco Capital offers asset management, advisory, corporate finance and custo More… |
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Qatar 'needs to develop wealth management'Qatar's banking sector should develop its wealth management services to profit from the large number of high net-worth individuals in the wealthy Gulf state, Boston Consulting Group said. Qatar has the third-highest density of millionaires More… |
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HSBC to limit retail banking to save $3.5bnHSBC Holdings, Europe's biggest bank, is looking to slash up to $3.5 billion in costs by cutting the scale of its wealth management and retail banking businesses, it said. It was also conducting a strategic review of its credit card busine More… |
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SocGen names ME private banking headSociete Generale, the leading private bank, has appointed Philippe Boutron as Middle East chief investment officer (CIO) for its Private Banking arm. Philippe Boutron will report to Eddy Abramo, chief executive officer for Middle East, Soc More… |
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Gulf Capital launches new armGulf Capital, a leading private equity firm, has launched its operating improvement arm, ExcellenceO2, to assist it in the operational enhancement and growth of its portfolio companies. The initiative is in line with Gulf Capital’s belief More… |
