ADCB launches new private banking division

Dubai: Abu Dhabi Commercial Bank (ADCB) is launching a new private banking division in an effort to attract high-net worth customers in the region that it says currently rely on fly-in, fly-out private bankers from Europe. The majority state-owned bank said Sunday it has appointed 25-year banking veteran Mark Peters as head of its new…

Job of the Month – February 2016

Dear all, This excellent start to the year, the recruitment of Elkho Group expands in Monaco, Paris, Geneva and Luxembourg. For February, please find below our current assignments: Consultant Recrutement à Monaco pour participer au développement d’Elkho Group. (Salaire selon le profil) Banquier Privé Sénior à Paris, France dans une banque privée d’origine française, ambitieuse…

Swiss private bank Lombard Odier says PBOC has ordered suspension of funds that channel domestic savings abroad

Geneva’s oldest private bank Lombard Odier’s expansion plan into China has been hit by the People’s Bank of China’s suspension for new offshore product sales, according to the bank’s Asia management. The Swiss bank’s comments is the first confirmation for the widely circulated rumour of a suspension for the Renminbi Qualified Domestic Institutional Investment (RQDII)…