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Meezan Bank’s takeover of HSBC’s Pakistan business has moved a step closer, with scholars approving initial guidelines to convert the unit to Shariah compliant.
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Schroders has hired Denis Parisien as portfolio manager and member of the emerging market debt relative return team, based in New York and reporting to James Barrineau, co-head of emerging market debt relative return.
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Alex Tedder has joined Schroders as head of global equities at Schroders, replacing Virginie Maisonneuve after she left the firm to join Pimco in October last year. -
Nicholas Lee, managing director and head of syndicate for Asia equity capital markets at Bank of America Merrill Lynch, has left the firm to join an investor.
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Citadel Capital has sold its majority stake (66%) in Sudanese Egyptian Bank for $22m to the Islamic Solidarity Bank of Sudan.
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Tharawat Holding Co, a Saudi investment company, has bought a majority stake (54%) in Dubai’s Quantum Investment Bank.
