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It's 'the most obvious add-value seat on a desk right now'
Specialist moves after 18 years in the market
Banker is moving to Greece as focus grows in connecting its capital markets and banking sector to international investors
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Islamic finance specialist Sufian Bataineh has left Luxembourg law firm OPF Partners.
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The Bahrain Institute of Banking and Finance has signed a memorandum of understanding with the University of Bolton to develop an MBA in Islamic banking.
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The deputy chairman of Bank Asya — formerly Turkey’s largest Islamic financial institution — has resigned, just days after Turkey’s prime minister publically criticised the bank’s financial position. Turkish analysts are expecting Bank Asya to continue losing deposits and senior management in the months ahead, and one believes an eventual acquisition by a state-owned bank looking to break into the Islamic market is likely.
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The European Islamic Investment Bank has launched a tender offer to buy back up to £20m of its shares — representing around 21% of the company’s share capital — at a chunky premium to where they were trading. But this is because the bank has priced the deal off its book value rather than the market value, and hopes to narrow the gap between the two, said an EIIB official.
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Deutsche Bank has executed the first series of renminbi option trades for Mengniu Dairy, as well as other Chinese corporates based onshore, under new regulation from China’s State Administration of Foreign Exchange, which became effective today.
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Barclays has hired a managing director from Bank of America Merrill Lynch for its UK leveraged finance business, and relocated another banker to its UK financial sponsors group.