Geneva headquartered Reyl Group has announced the appointment of Loulwa Bakr (pictured) as an independent board member of Reyl Finance (MEA). Reyl Finance (MEA) recently gained a commercial license from Dubai Financial Services Authority, enabling it to carry out wealth management, asset management and corporate advisory services. Bakr will join Dominique Paladini, Teofilo Masera, Dominique […]
Deutsche Bank AG (Deutsche Bank) has been fined $8.4m (€5.7m) by the Dubai Financial Services Authority (DFSA) for contraventions including misleading the DFSA, failures in the banks internal governance and systems and controls, and in its client take-on and anti money laundering processes. The fine relates to an investigation conducted by DFSA between Janaury 2011 […]
Dutch minister of finance Jeroen Dijsselbloem (pictured) has announced he will delay the sale of ABN Amro Group due to the controversy around pay increases at the bank. ABN Amro was taken over in 2007 by a consortium of the Royal Bank of Scotland, Fortis and Banco Santander, constituting the biggest bank takeover to date. […]
Gulfmena has launched the Gulfmena Access Fund, a Luxembourg-regulated fund that will focus on capturing excess returns in Middle East and North Africa (Mena) equity markets relative to the S&P pan-Arab composite index.