News

Saudi Fransi Capital names HSBC as custodian

HSBC_DubaiHSBC Saudi Arabia has been selected as the custodian by Saudi Fransi Capital (SFC) for its range of private and public funds. The custody mandate comes in the wake of new regulations introduced by the Capital Market Authority of Saudi Arabia that require fund managers to appoint an independent third party to manage the custody of public funds. It also makes SFC one of the first major fund managers to comply with the requirement. “We welcome this new regulation,” said Waleed Fatani, chief executive of SFC. “Not only is it in line with international best practice, but it will help strengthen the fund management sector in Saudi Arabia.” The regulation was also welcomed by HSBC Saudi Arabia’s chief executive and board member Majed Najm who called it “an extremely positive step in the development of asset services and the custody industry in Saudi Arabia”. ©2018 funds global mena 

Executive Interviews

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

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

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

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

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

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

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.