BLME to open branch in Dubai

DIFCUK-based Bank of London and the Middle East (BLME) has opened a branch in the Dubai International Finance Centre (DIFC). The new office will focus on providing a wealth management service for professional private banking clients and family offices in the DIFC. The branch will be led by newly appointed senior executive officer Rayan Kazerooni. The office opening, BLME’s first in the GCC, was hailed as an important milestone for the bank by its head of wealth management, Andrew Ball. “The GCC is key to BLME’s business and opening a branch in the DIFC reflects our commitment to the region,” he said. The move would spearhead the bank’s ambition to become the primary UK-based wealth provider for UAE citizens and provide a “tangible link to the UK for our regional clients” said Kazerooni. Earlier this month BLME signed a memorandum of understanding with Bahrain-based Al Baraka Banking Group. ©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.