BLME to open branch in Dubai

DIFCUK-based Bank of London and the Middle East (BLME) has opened a branch in the Dubai International Finance Centre (DIFC). The new office will focus on providing a wealth management service for professional private banking clients and family offices in the DIFC. The branch will be led by newly appointed senior executive officer Rayan Kazerooni. The office opening, BLME’s first in the GCC, was hailed as an important milestone for the bank by its head of wealth management, Andrew Ball. “The GCC is key to BLME’s business and opening a branch in the DIFC reflects our commitment to the region,” he said. The move would spearhead the bank’s ambition to become the primary UK-based wealth provider for UAE citizens and provide a “tangible link to the UK for our regional clients” said Kazerooni. Earlier this month BLME signed a memorandum of understanding with Bahrain-based Al Baraka Banking Group. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.


MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.


Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.