News

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: 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...

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.

Roundtables

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.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.