BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer.

The Abu Dhabi Investment Company (ADIC) has hired two experienced executives to fill key investment and finance roles.

The Abu Dhabi Investment Company (ADIC) has hired a new head of private equity to lead a charge for buy-outs in the Middle East and North Africa at a time when the global economic crisis is starving promising companies of capital.

Barclays Wealth, a leading global wealth management institution, has appointed Steve Fedor as front office chief operating officer of Barclays Wealth, Middle East and North Africa.  

Caren Mojabber has joined Lloyds TSB Corporate Markets, Middle East as a relationship manager in the financial institutions team, serving customers based in the region.

Credit Suisse has appointed Anthony Armstrong as head of M&A in the Middle East and North Africa (MENA) region.

Abu Dhabi Islamic Bank (ADIB) announced that it has enrolled 150 fresh graduates in an eight-months training programme.

HSBC Bank Middle East has announced the appointment of two senior managers in the Qatar offices.

Clyde & Co has appointed partner David McElveney to head the firm’s Abu Dhabi construction and projects practice.

Saudi Arabia’s minister of petroleum and mineral resources, Ali Al-Naimi, has appointed Khalid Al-Falih as president and CEO of Saudi Aramco.

Law firm SJ Berwin has recruited a new associate, Puzant Merdinian, who is to work in the London office.

Richard Luddington is to become a vice-chairman in global capital markets (GCM) at UBS focusing on the Central Europe, Middle East and Africa (CEMEA) region.