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Associated Press
6 days ago
- Business
- Associated Press
Entries open for the MENA Wealth & Private Awards 2025
The inaugural edition is now open for entries, celebrating the achievements of private banks, wealth managers and family offices across the MENA region DUBAI, UNITED ARAB EMIRATES, May 28, 2025 / / -- Entries are now open for the inaugural MENA Wealth & Private Awards 2025, the region's first dedicated programme celebrating the achievements of private banks, wealth managers, and family offices across the Middle East and North Africa. Designed to spotlight innovation, client excellence, and regional leadership, the MENA Wealth & Private Awards 2025 invites banks and institutions operating in the MENA region to compete across key categories such as Best Regional Private Bank, Outstanding Wealth Advisory, Excellence in Family Office Services, and Digital Wealth Innovation. Entries are open until 13 July 2025, with winners set to be honoured at a gala ceremony at the One&Only Royal Mirage, Dubai on 22 October 2025. The awards provide a unique platform to benchmark excellence and recognise the individuals and institutions shaping the future of wealth management in MENA. To find out more about the awards and how to enter, visit: Vignesh Satyarajan MEED email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
26-05-2025
- Business
- Associated Press
Hong Leong Bank Enhances HLB Private Bank and Regional Wealth Management with Strategic Alliance with Lombard Odier
Integrating A Strategic Alliance with Swiss Private Bank Lombard Odier, Key Talent Acquisitions, Development Programs, and AI Tools, the Bank is Poised to Accelerate its Regional Wealth Management Proposition KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- Hong Leong Bank ('HLB' or 'the Bank') announces its strategic alliance with Lombard Odier, a leading global wealth and asset manager with over 225 years of experience, to enhance its HLB Private Bank and Regional Wealth Management proposition. This strategic alliance unites the combined generations of prudent stewardship and innovative financial thinking from Lombard Odier and HLB, a Malaysian financial institution with a 120-year heritage built on trust and a deep understanding of clients' aspirations. This collaboration forms a cornerstone of HLB's accelerated strategy to become the best-run bank in Malaysia, underscoring its vision for responsible and forward-thinking wealth management. Under this strong strategic alliance, HLB Private Bank and Regional Wealth Management will offer clients a sophisticated and personalized experience, combining Lombard Odier's long-term global perspectives from its Chief Investment Office with the Bank's local market insights. This synergy provides a comprehensive understanding of investment opportunities and tailored strategies for sustained, generational growth. Beyond investment expertise, HLB clients are able to access to comprehensive wealth architecture and bespoke advisory services focused on their individual goals, ensuring tailored solutions for wealth preservation and transfer, including succession planning and sustainable investments. 'We believe this is a transformative era for wealth management, driven by unprecedented wealth creation and a surge in entrepreneurship and this demands a departure from traditional approaches. Our ambition to be the best-run bank is intertwined with our commitment to empower clients to build wealth that transcends generations. Our strategic alliance with Lombard Odier, an institution that shares our profound long-term perspective, allows us to elevate our wealth offerings here. Together, we are charting a course for enduring wealth, providing our discerning clients in Malaysia and the region with access to world-class expertise grounded in a shared commitment to responsibility and innovation, ensuring their legacies flourish for generations to come,' affirms Kevin Lam, Group Managing Director and Chief Executive Officer of HLB. Alongside this strategic alliance, HLB is also focused on key internal advancements, implementing a comprehensive strategy that includes expanding its wealth management team and recruiting top-tier talent, developing the Wealth Academy for enhanced training, integrating AI to empower Relationship Managers, and continuously pursuing partnerships that enhance value for clients and the business. Jeffrey Yap, Managing Director and Regional Head of Wealth Management, HLB emphasizes, 'This strategic alliance with Lombard Odier is a key part of the Bank's ongoing transformation and initiatives to meet the evolving needs of the market. With Asia-Pacific's remarkable wealth growth, including a doubling of private assets and a surge in new HNWIs which will see a significant rise in intergenerational wealth transfer, the need to provide sophisticated guidance has never been greater. This collaboration allows us to offer bespoke wealth solutions that are not only designed for today's complexities but are also thoughtfully constructed to secure the financial well-being of generations to come - building legacies, not just portfolios.' To further enhance the value for HLB clients, the strategic alliance with Lombard Odier plays a pivotal role in delivering sophisticated investment solutions through Hong Leong Asset Management Bhd (HLAM), a key entity of the Hong Leong Financial Group. This collaboration strategically leverages Lombard Odier's expertise as a target fund manager, thereby broadening and enriching the Group's wealth management offerings. Vincent Magnenat, Asia Group Regional Head and Global Head of Strategic Alliances, Lombard Odier, remarks, 'We believe in working with the right partners who share our vision of the future of wealth and asset management – those who complement each other's DNA, and who bring a proven track record in the wealth management space with a deep commitment to innovation and sustainability. In HLB, we see a strong alignment on all fronts, and our Strategic Alliance is a powerful testament to our shared values. We are delighted to welcome HLB into our Ecosystem of Strategic Alliances.' For more information, visit: About Hong Leong Bank Berhad Please visit View original content to download multimedia: SOURCE Hong Leong Bank Berhad
Zawya
26-05-2025
- Business
- Zawya
Ahlibank inaugurates a dedicated branch for its ‘Al Nukhba' and ‘Exclusiv' customers
Muscat: As part of its ongoing commitment to enhancing the customer experience, ahlibank has inaugurated a new branch featuring dedicated service centers for the 'Al Nukhba' and 'Exclusiv' individual private banking segments. The inauguration took place in the presence of a distinguished group of the bank's executives and employees. The new branch is strategically located on 18th November Street in Muscat, and has been equipped to the highest banking standards to meet the expectations of the bank's premium clientele. This initiative offers an exceptional banking experience that combines privacy, comfort, and excellence in the range of services and products provided. The launch of the new branch aligns with the bank's broader strategy of expansion and promoting financial inclusion. The new branch serves as a comprehensive platform offering a diverse portfolio of banking products and services, including account opening, card services, and a full range of credit facilities such as loans and financing. It also features a specialized Wealth Management division providing integrated investment advisory services across global markets with the highest levels of privacy. Equipped with ATMs, cash deposit machines, and secure safe deposit boxes, the branch is designed with spacious interiors to ensure fast, smooth transactions while accommodating a broad customer base, including individuals with disabilities. Staffed by a team of talented young Omani professionals, the branch delivers exceptional service from the welcoming reception to the specialized teams handling a wide array of banking needs. The opening of the new branch marks a significant milestone in the bank's continued efforts to strengthen its presence in key locations and offer a fully integrated banking experience tailored to the needs of high-net-worth individuals. Designed to the highest international standards, the branch is a specialized hub that caters to the 'Al Nukhba' and 'Exclusiv' segments, providing an environment that prioritizes privacy, comfort, and premium service. This expansion underscores the bank's commitment to financial inclusion and delivering added value through innovative, customer-centric solutions rooted in excellence and forward-thinking banking practices. The opening of this branch also reflects ahlibank's commitment to strategic expansion and to providing everything that facilitates customers' effortless access to banking services. This new location becomes the bank's 25th commercial branch, alongside 25 Islamic branches spread across the Sultanate, highlighting its balanced growth across various banking sectors. The bank's efforts extend beyond geographic expansion to include more than 16 multifunctional 'ahliExpress' machines, offering 12 instant banking services supported by personal video assistance around the clock. Additionally, the bank enhances its digital presence through smart branches and advanced technologies, complemented by a comprehensive electronic channels system, including a mobile app and online banking services, ensuring customers enjoy a seamless and secure banking experience everywhere. The successive achievements of ahlibank, foremost among them the opening of new branches, clearly demonstrate the firm establishment of its presence in the Omani banking sector. The bank continues to play a leading role in delivering accessible banking solutions, driven by its ongoing pursuit to strengthen its position as 'Partner in Excellence' in the Sultanate.
South China Morning Post
25-05-2025
- Business
- South China Morning Post
Wealthy investors see ‘time to buy' Hong Kong stocks amid trade war: Standard Chartered
Wealthy investors remain undeterred by recent stock market turmoil triggered by the US tariff policy , viewing it instead as the 'time to buy' Hong Kong and mainland Chinese stocks, according to a senior executive at Standard Chartered Bank Advertisement 'Our private banking and affluent clients have been very active in their investments over the past month,' Raymond Ang, global head of private banking and affluent clients for Greater China and North Asia, said in a recent interview with the Post. These investors had diversified their portfolios and focused more on shorter-term assets with high liquidity to navigate the expected market volatility during tariff negotiations, Ang said. They have redeemed long-term fund holdings tied to macroeconomic themes or sector-specific funds and reallocated their capital into Hong Kong and mainland stocks, as well as high-quality government bonds. 'The stock market had a deep correction in early April due to the tariff [war] between the US and China,' Ang said. 'Our clients said 'this is the time to buy', as they found prices cheap. Now the market has bounced back and they have been rewarded.' Raymond Ang, global head of private banking and affluent clients for Greater China and North Asia at Standard Chartered. Photo: Enoch Yiu Hong Kong's benchmark Hang Seng Index plunged 13.2 per cent on April 7 after the US imposed hefty tariffs on Chinese imports, marking its largest one-day decline since October 1997. Despite ongoing volatility due to the back-and-forth tariff exchanges, the index has since recovered to early April levels after both sides agreed to a 90-day truce earlier this month. Advertisement
Yahoo
24-05-2025
- Business
- Yahoo
LBT Holdings acquires Gonet Bank & Trust, rebrands to Bank of Nassau 1982
LBT Holdings has acquired Gonet Bank & Trust, a Bahamas-based private bank, from Gonet SA, for an undisclosed sum. The deal will see Gonet Bank & Trust rebranded as Bank of Nassau 1982. LBT Holdings said the rebranding reflects the bank's 'renewed vision and commitment to excellence in private banking and wealth management'. The deal has secured clearance from the Swiss Financial Market Supervisory Authority (FINMA), the Central Bank of The Bahamas (CBOB), and The Securities Commission of The Bahamas (SCB). LBT Holdings assumed full ownership of Gonet Bank & Trust, with immediate effect. It added that the acquisition enhances the standing of all involved parties in the global financial services industry, allowing for broader service offerings. Bank of Nassau 1982 will continue its collaboration with Gonet & Cie SA, a Swiss subsidiary of Gonet SA, to offer banking services for clients globally. Jonathan Cartwright will stay on as CEO, while Patrick Guye-Bergeret will continue serving as head of private banking. LBT Holdings founder and director Anthony Ferguson said: 'We are thrilled to build on the storied legacy of Gonet Bank & Trust Limited, as we drive innovation and deliver unparalleled value to our clients.' Cartwright added: 'This transformative acquisition enhances our ability to deliver world-class private banking services. With the combined expertise of LBT Holdings and our dedicated team, we are poised to elevate the client experience while maintaining the trust and quality our clients deserve.' LBT Holdings is a collaboration between Levant Advisors and Quantfury. Founded in 2017 by Antoine Bastian and Anthony Ferguson, Levant Advisors is a Bahamas-based wealth management firm managing over $2bn in assets. Quantfury, also launched in 2017 by Lev Mazur, is a brokerage providing commission-free trading, with an annualised trading volume exceeding $250bn as of 2025. "LBT Holdings acquires Gonet Bank & Trust, rebrands to Bank of Nassau 1982 " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
