emeafinance News - September 2009
Estonian government to sell to TeliaSonera
Dividend agreement sees Nordic group closer to sealing Eesti deal.
Fortis to launch shariah fund
Qatari and Dutch banks create first shariah-compliant mezzanine shipping fund.
EBRD boosts eastern European banks
Institution lends €150mn to Raiffeisen subsidiaries in Ukraine, Romania and Russia.
Raiffeisen's Roechling appointed to management role
Head of financial control to join bank’s board.
ECP backs Wananchi
Private equity firm makes 10th investment in African telecoms sector.
BTA to restructure debt
Kazakh bank ends four-day creditor meeting with memorandum of understanding.
Garanti-Nomura advise on Turkish gas privatisation
Long-awaited deal for Ankara Natural Gas moves closer.
Telecom Egypt names Helmy new finance boss
Move follows former CFO's step up to CEO.
Robert Lawless joins HDG Mansur as CFO
Real estate firm confirms new finance chief.
Bank Dhofar names new assistant general manager
Omani lender makes treasury and international banking appointment.
Changes for HSBC Middle East
Bank appoints first UAE national as managing director.
Russian gas company taps EBRD
US$100mn funding package will link new plant to Gazprom pipeline.
Citi makes senior appointments
Steve Donovan named head of Middle East and Pakistan for global transaction services
Moody's warns on Latvian, Hungarian recoveries
Any upturns will be fragile, claims new report.
Sibos: New mandates for SocGen Securities Services
Five wins from EDF, STMicroelectronics and others.
Sibos: Citi launches CitiDirect BE
Next generation collaborative online banking platform leverages new technologies.
Sibos: S1 implements new banking solution
Firm combines trade finance and corporate banking solutions
Sibos: New cash management solutions by DB
Deutsche Bank’s cash management financial institutions division is introducing a series of new product- and market-innovation initiatives in the wake of the annual Sibos event.
Sibos: New Oracle products for FIs
New releases address institutions’ needs for greater efficiency, lower costs
Sibos: IT's promise in emerging markets
Vast financial services expansion has big potential.
Sibos: Risk drives banks' IT investment
IT is considered a strategic investment for more than 50% of banks, as interest in outsourcing doubles to almost 60%.
Head of Morgan Stanley MidEast steps down
Georges Makhoul, president of Morgan Stanley's Middle East and North Africa operations, is leaving the bank.
VTB announces management changes
Herbert Moos is to become head of VTB Bank's financial department.
Senior changes at BoA Merrill Lynch
Bank of America Merrill Lynch names David Ross as head of European leveraged finance capital market.
RenCap names Ruben Aganbegyan new president
Renaissance Capital has announced the appointment of Ruben Aganbegyan as the new president.
Two new managers for Doha Bank
Gerard Fitzgerald and Louis Scotto have been named assistant general managers at Doha Bank.
Nomura appoints head of EMEA fixed income research
Nomura makes Jim McCormick head of fixed income research in EMEA.
Barclays Wealth boosts private banking team
Sahba Hadipour joins Barclays Wealth as director in international private banking.
New head of insurance for HSBC Middle East
HSBC Bank Middle East names David Hunt new head of insurance.
Standard Chartered hires securities services head
Standard Chartered has appointed Venkatesh Rathnam as the global head of securities services operations.
EBRD funds Ukraine port project
Operator of new container terminal taps US$37mn loan.
AngloGold announces rights issue
South African gold miner confirms capital raising to fund Moto deal.
Nigerian bank heads charged
Former officials at the five Nigerian banks bailed out last month have been charged by the country’s financial crimes agency.
Enterprise Investors opens Prague office
CEE-focused private equity firm boosts presence in Czech Republic.
Emirates NBD appoints private banking CIO
UAE bank hires former Merrill Lynch director Gary Dugan
Paladin confirms listing
South African private equity firm plans to join the JSE.
New risk transfer boss for Aon
Reinsurance group Aon has appointed Keith Ashworth as head of risk transfer for the UK and EMEA.
Actis names new project management head
Actis, a private equity firm focused on emerging markets, has named Adam Turtle as head of investor relations and project management.
Newedge upgrades connection with Dubai
Brokerage firm Newedge is offering investors improved connectivity with the Dubai Gold and Commodities Exchange.
EBRD and KfW take stake in MegaBank
MegaBank, a Ukranian commercial lender, has tapped €28.9mn (US$41mn) in new funding from the EBRD and German development bank KfW.
Institutions focus on new banking relationships
Global financial institutions hope to establish new transactional banking relationships over the next year.
SWFs face effects of the crisis
The financial downturn could lead to some unexpected consequences for sovereign wealth funds, according to a new report.
Changes for Barclays Wealth in ME operations
Barclays Wealth, a leading global wealth management institution, has appointed Fawaz Baba as managing director to its Middle East operations. He will report to Soha Nashaat, CEO of Barclays Wealth, Middle East and North Africa.
Global boosts brokerage business in GCC
Global Investment House has appointed Khaled Abdel Rahman Khaled as senior vice-president to head the brokerage business in the gulf region.
Shuaa names Al Ansari new CEO
The Shuaa Capital board of directors has appointed Sameer Al Ansari as the new chief executive officer. Al Ansari replaces Iyad Duwaji who resigned as CEO in August.
