Bank of Singapore targets Dubai’s private wealth market

Dubai_skylineThe Bank of Singapore is planning to add 25 private bankers in its Dubai office as a part of a campaign to target non-resident Indians and affluent Middle East investors, according to Reuters. The bank, the private banking division of Singapore’s biggest lender OCBC, has seen its assets under management in Dubai rise by 30% since launching just over a year ago and it anticipates a further rise of around 20% in 2018. Vikram Malhorta, the bank’s global market head for South Asia and Middle East, told Reuters that its ambition is to be “one of the larger players in the region” and it is “well placed to achieve that”. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.