Thursday 23 October 2014
 
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wealth management

ME investors turn to Swiss wealth managers

More and more Middle East investors are turning to Switzerland for wealth management services, said a financial expert. Crucial factors such as banking secrecy, diverse investment products and services have contributed to Switzerl

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BNY Mellon names new wealth director

BNY Mellon, a global leader in investment services and investment management, has appointed Giambattista Atzeni to a newly created role as senior director for business development with BNY Mellon Wealth Management. Atzeni most rec

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HSBC to cease wealth products in 3 ME countries

HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, the bank said.

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HSBC wins top wealth management award

HSBC has been named the "Best Wealth Management Firm" at the recent 2013 Banker Middle East Industry Awards in Dubai. As the largest and most widely represented international bank in the region, with an unbroken presence

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Investments priority for HNWIs in UAE

High net worth individuals (HNWIs) in the UAE are taking an increasingly active role in managing their finances, with 76 per cent citing investments as the most popular use of wealth, compared to 54 per cent in the region, a report said.

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Credit Suisse acquires Morgan Stanley unit

  Credit 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

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Falcon eyes more buys after Clariden deal

Falcon 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.

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Swiss-based Altaira opens Bahrain unit

Altaira 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

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Bahrain investment firm opens India office

Bahrain-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

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Merrill Lynch names UAE market manager

Merrill 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

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