Wealth Management

Interview: DIFC's Jeff Singer

Interview: DIFC's Jeff Singer

Jeff Singer, CEO of the Dubai International Financial Centre, tells Tim Burke about plans for growth and the innovations he believes would let the Middle East’s capital markets thrive.

Funds search for alternative to equity

Funds search for alternative to equity

After several years of rapid growth, shariah-compliant asset management is facing the first serious test of its young life, as it struggles to diversify from equity and property into new areas, writes Eva-Luise Schwarz.

Is HSBC ready to go east?

Is HSBC ready to go east?

HSBC’s new head of international banking, Tony Mahoney, tells emeafinance’s editor Julian Evans the bank is ready for a “substantial move” into Central & Eastern Europe (CEE).

Sovereign wealth funds face the limelight

Sovereign wealth funds face the limelight

Having been caught in a blizzard of media and regulatory attention in the first half of 2008, sovereign wealth funds are taking steps to try and improve their public image, including agreeing to a voluntary code of conduct in September, reports Julian Evans.

Private banking goes onshore

Private banking goes onshore

As local market infrastructure strengthens in EMEA countries, private banking is increasingly going onshore. So will western offshore centres  lose out? Julian Evans reports. 

Riding the MENA wave

Riding the MENA wave

Egypt’s reformist government is grappling with the dilemma of fighting inflation while cutting a growing deficit. However, in the capital markets, Egyptian companies are expanding and becoming MENA regional champions. Julian Evans reports from Cairo.

Investec division announces buyout

Investec division announces buyout

The senior management team at South Africa’s Investec Asset Management has agreed to take a 15% stake in the business in a £180mn (US$268mn) partial management buyout from the Investec group.

The deal will see chief executive officer Hendrik du Toit and 39 other Investec Asset Management employees take the stake using £90mn of equity funding and £90mn of debt from HSBC and the Investec group.

The management team will also have the right to buy a further 5% of the business during the next seven years, with other employees invited to join the team for any further transaction.