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: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.


Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.