Banking group unveils wealth offering for UHNWs in UAE
As the region ‘fast emerges as the destination of choice for ultra-wealthy individuals’
Emirates NBD
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PEOPLE MOVES: Canada Life, Banque Cramer, BRI Wealth
Chair steps down from insurer, while Swiss private bank names CEO
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UAE bank partners with MetLife
Deal will give customers access to a range of life and health insurance products
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UAE lender buys Turkish private bank for $3.2bn
Dubai’s Emirates NBD has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2bn.
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PEOPLE MOVES: Vanguard, Emirates NBD, VAM Funds
Vanguard has created a new head of European distribution (ex-UK) role, while Middle East bank Emirates NBD has lost its chief investment officer for the second time. VAM Funds has hired an ex-Zurich heavy hitter to make a Middle East push.
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Emirates NBD Dubai economy tracker signals contraction
Emirates NBD’s latest Dubai Economy Tracker (DET) has recorded its first fall in non-oil private sector economic activity since the series began in January 2010
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PEOPLE MOVES: Julius Baer, Legal & General, Emirates NBD…
Swiss private bank Julius Baer named its new chief executive for the UK and Ireland, while Legal & General promoted from within to fill its Cofunds chairman role. Emirates NBD appointed a new wealth management chief investment officer, Vestra Wealth added to its private office, and SBG appointed a new head of lender relationships.
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Fund manager Yong Wei Lee sees MENA pick up by year end
With Saudi Arabia now open to foreign investment, fund manager Yong Wei Lee, who runs the Emirates MENA Top Companies Fund, is looking to capitalise on the region’s strong potential.
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Saudi Arabian stock exchange opens to foreign investors
Saudi Arabia has today opened its $570bn Tadawul stock exchange to direct foreign investments for the first time, which is widely seen as a crucial stepping stone to the kingdom’s entry into the MSCI Emerging Markets index.
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Emirates NBD reaches record assets
Emirates NBD AMs recent SICAV push has led its assets under management (AuM) to pass the $2.5bn mark, a 100% growth for the company in little more than two years.
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Emirates NBD adds further eight funds
Emirates NBD Asset Management has added a further eight funds to its Luxembourg based SICAV, as it looks to broaden its investor base.
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Emirates NBD set to sign bancassurance deal
Emirates NBD Bank is preparing to sign a bancassurance deal with Metlife in the United Arab Emirates, International Adviser understands.