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Barclays names wealth & investment directorBarclays, a global specialist in private banking and wealth planning, has announced the appointment of Marc Hakim as director within the Wealth and Investment Management division. Hakim holds more than 20 years of experience in th More… |
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New Qatar investment firm plans IPO in MayA new $12 billion Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the tiny Gulf state to share its riches with local citizens and institutions. Do More… |
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Banks 'need to attract GCC wealth'There is a lot of wealth parked in the conventional space, especially in the GCC and banks must adopt innovative steps to wean customers away from the conventional banking towards Islamic finance, said a report. Wealth management More… |
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China premier's family denies 'hidden riches'Lawyers representing the family of Chinese Premier Wen Jiabao have rejected claims made by the New York Times that they have accumulated at least $2.7 billion in "hidden riches", Hong Kong media reported on Sunday. More… |
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Global household wealth drops by $12 trillionThe aggregate global household wealth fell 5.2 per cent in current dollar terms to $223 trillion during the mid-2011 to mid-2012 period, according to a report. The Global Wealth Report 2012, rel More… |
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Billionaires get richer; millionaires lose groundMany millionaires got poorer in the last year, but billionaires did just fine, using their heavyweight money management teams to ride out market and economic turmoil that hit the lesser rich, research company Wealth-X said. More… |
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Barclays boosts ME wealth management teamBarclays Bank said it has boosted its wealth and investment management capabilities in the Mena region with the appointment of Sandip Aggarwal as its new director for the Gulf market. Sandip will be responsible for providing finan More… |
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Fortunes of UK's richest rise to record highBritain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates. T More… |
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Romney reports tax bill of $6.2m for 2010-11Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011. Bowing to increas More… |
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Most Mideast rich 'trust their kin with wealth'An overwhelming majority of Middle East high net worth individuals (HNWIs) trust the next generation to protect their inheritance, says a study. However, 35 per cent of global high net worth individuals do not trust their children or stepc More… |
