The Q3 2018 Compass report kept a tactical overweight position in Developed Markets Equities, with the preferred developed region to invest in being Continental Europe, and with some exposure to Japan to enhance diversification.
According to the BCG report, personal wealth in the Middle East region rose 11 per cent to US$3.8tn in 2017, a significant increase compared with the CAGR for the previous five years.
The acquisition is conditional on, inter alia, regulatory and competition authority approvals and is expected to complete by Q1 2019.
Lombard Odier partner Leclercq told CPI Financial that the while the offering began as a bespoke creation for one client, it has grown from a $10 million to in the hundreds of millions, primarily for investors in the Middle East.
To support the issue, senior representatives from Commercial Bank embarked on a roadshow with the Joint Lead Managers to meet investors in London, Singapore, Hong Kong and Frankfurt.
The New World Wealth report said that wealth growth in Turkey was minus 6 percent in 2017, and highlighted how over the last two years, over 11,000 HNWIs have left the country.
Our collaboration with Turkey's largest private bank, İşbank, reflects their focus and determination on providing excellent customer experiences which is really exciting for us