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
Economies in the Middle East ended 2017 on a high note, with a strong final quarter in 2017, despite some short-term weaknesses surfacing in early 2018
According to the company’s latest report, ‘Seizing the Global HNW Expat Opportunity’, 65% of wealth managers target HNW expats.