Sun, Mar 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UBP recruits experienced MENA equities team

Tuesday, February 01, 2011

Habib Oueijan
Opalesque Industry Update - Union Bancaire Privée (UBP) announced today that it has recruited a highly-rated Middle East & North Africa (MENA) equities investment team to provide its clients with on-the-ground access to the return potential of the region's stock markets.

Lead portfolio manager Habib Oueijan, who has been running MENA equity portfolios for the past 15 years, heads a five-strong team that includes another senior portfolio manager, Mahmoud El Safty, and three experienced research analysts. The team joins from a Dubai-based asset management firm, where they built an eight-year track record. The team will continue to manage its flagship MENA equity fund, which was recently transferred to UBP.

UBP is a forceful exponent of the benefits for its clients of investing in emerging markets, and has been bolstering its capabilities in this area. In 2010 alone the company took on 11 emerging market investment professionals and launched European Emerging, Turkish and Russian equity funds, an innovative emerging market corporate bond fund and a fund of emerging market hedge funds.

Richard Wohanka, CEO of Asset Management at UBP, highlighted the benefits of this recruitment for UBP’s clients. “The MENA equity markets are among the most under-researched and under-owned by global investors, despite what we believe to be their excellent return potential and strong diversification benefits. Habib and his team have demonstrated how capable they are in this area through their proven eight-year track record, and we are delighted to have them on board.”

(press release)

About Union Bancaire Privée
Union Bancaire Privée, UBP SA (UBP) is based in Geneva and is one of Switzerland’s leading private banks. Active in the field of asset management for both private and institutional clients and with a very solid balance sheet, the Bank had some CHF 65 billion (USD 69 billion) in assets under management as at 31 December 2010. UBP employs some 1,200 people in over 20 locations worldwide and provides a complete range of innovative investment products and services, both in traditional and alternative asset management, with the aim of achieving a high performance and protecting clients’ capital. Corporate website: www.ubpbank.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie