ON THE MOVE

July/August 2010
 
     
  Going Places

Bahrain: Leading merchant bank Gulf International Bank has appointed Adel Al-Mangour (pic) as managing director of merchant banking at the bank’s headquarters in the Kingdom of Bahrain.

Al-Mangour re-joins GIB where he started his banking career. He was previously chief credit officer at Arab National Bank.

Dubai: Clifford Chance is to strengthen its Middle Eastern corporate practice with the transfer of partner Nigel Wellings from its London office to Dubai.

Wellings has been a partner in Clifford Chance’s corporate practice since 2006, specializing in infrastructure and mining sectors.

MALAYSIA: Omar Merican has resigned as Bursa Malaysia’s chief operating officer, a post he has held since the 16th November 2005.
He was the founder and CEO of Merican and Partners Asset Management from 1997 to 2004.

UK: Law firm Eversheds has promoted Richard Ward to the role of London senior litigation partner. He replaces John Heaps who recently became its chairman.

Ward joined the firm 20 years ago and was previously the head of capital assets. He specializes in advising the construction industry.

MALAYSIA: Bank Negara Malaysia has named Muhammad Ibrahim as deputy governor for a three year tenure.

The central bank has also appointed Ooi Sang Kuang as special adviser following the completion of his term of eight years as deputy governor.

UAE: The National Bank of Abu Dhabi (NBAD) has appointed Nathan Weatherstone as the head of project finance advisory in its investment banking group.

Weatherstone will lead NBAD’s project finance advisory team with a focus on developing the bank’s advisory business in the power, transportation and social infrastructure sectors.

UAE: Morgan Stanley has appointed Gabriel Aractingi to its private wealth management division as managing director and head of sales for the Middle East, based in Dubai.

Aractingi was previously executive vice president and head of Middle East at Lombard Odier, and the chief executive of asset management at Ernst & Young.

SAUDI ARABIA: HSBC has appointed Mohammad Al Tuwaijri as the new global banking head for the Middle East and North Africa region.

Al Tuwaijri was previously managing director and head of Saudi Arabia for JP Morgan. Prior to that, he was treasurer at Saudi British Bank, HSBC’s affiliate in the kingdom.

BAHRAIN: Citigroup (Citi) has appointed Mazin Manna as Citibank Bahrain’s CEO, replacing Mayank Malik who is transferring as a country officer to Citibank Jordan.

Manna will be in charge of Citi’s operations in Bahrain, which include diverse corporate and investment banking businesses as well as consumer banking activities.

He will also continue to lead Citi’s coverage efforts for key Saudi relationships out of Bahrain.

BAHRAIN: Trowers & Hamlins has hired Rizal Mansor, Timothy Goh, Niall McMorrow and Peter Hawkes for its office in Bahrain.Rizal and Goh join the company’s corporate division, McMorrow in the banking group while Hawkes is in the real estate team.

UAE: National Bank of Abu Dhabi has appointed Rüdiger von Wedel as senior general manager of its global wealth business.

He will oversee the bank’s global wealth division comprising of Abu Dhabi financial services, asset management group, global private banking, and the bank’s custody business.

Von Wedel has 20 years of experience in private and wholesale banking. He was previously the chief executive of ABN AMRO Bank’s global private banking business.

 
     
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