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Credit Suisse targets Saudi Arabia for private banking push

By: Eugene Costello | 20 Jul 2017

Credit Suisse has announced a recruitment drive for private bankers – “relationship managers” – to support its expansion into Saudi Arabia for both its wealth management business…

Now a Kuwaiti MP calls for 10-year-residency cap

By: Helen Burggraf | 18 Jul 2017

In the latest in a series of statements by Kuwaiti lawmakers that have left expatriates living in Kuwait in little doubt as to how welcome they are,…

570,000 expats leave Saudi Arabia during amnesty period

By: Gary Robinson | 18 Jul 2017

More than 570,000 expats have left Saudi Arabia, since the end of March, as part of the kingdom’s amnesty campaign. As reported, the Saudi Interior Ministry launched…

Harding Capital Group not DFSA regulated, DIFC regulator warns

By: Helen Burggraf | 17 Jul 2017

The Dubai Financial Services Authority, which regulates financial services businesses operating within the Dubai International Financial Centre, has issued a warning to “members of the financial services…

CISI signs Kuwait agreement in bid to ‘transform financial services’ in region

By: Gary Robinson | 17 Jul 2017

The Chartered Institute for Securities & Investment (CISI), is bringing a series of its financial services qualifications to Kuwait, to help educate and accredit a new breed of financial advisers in the region. CISI…

Zurich Middle East targets life following Cigna general biz deal

By: Gary Robinson | 12 Jul 2017

Zurich Middle East has reiterated its commitment to the life and commercial insurance marketplace in the region, following the confirmation of the sale of its general insurance…

Old Mutual Int’l launches expat-friendly bond in the Middle East, Africa

By: Gary Robinson | 11 Jul 2017

Old Mutual International (OMI) has launched a new expat-friendly investment bond for the Middle East and Africa.   OMI has joined forces with discretionary fund manager Quilter Cheviot…

DeVere chief Green sells remaining STM stake to bolster fintech focus

By: Gary Robinson | 10 Jul 2017

Nigel Green, founder and chief of deVere Group, has sold his last remaining 2% stake shares in STM, the London-listed cross-border product specialist and QROPS provider. Green,…

HSBC Private Banking UK revamps international team

By: Eugene Costello | 07 Jul 2017

HSBC Private Banking has ramped up its offer for international clients in London, whether non-domiciled UK residents or overseas investors. Annerien Hurter joins HSBC as desk head,…

Amundi’s Pioneer acquisition rubber stamped

By: Gary Robinson | 04 Jul 2017

Amundi has finalised the acquisition of Pioneer Investments, which will see the company consolidated into Amundi’s accounts starting from the third quarter of this year. As was previously…

VAM targets Middle East growth with senior hire

By: Gary Robinson | 04 Jul 2017

VAM Funds has announced that it has named David Cockerton as a senior adviser for the Middle East part of its plans to grow across the region. The…

Saudi expat levy begins in confusion

By: Gary Robinson | 03 Jul 2017

Saudi Arabia’s plans to collect a new levy from expatriates and their dependents officially began on July 1, although no ‘mechanism for collection’ has been properly implemented, according to…

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