Sun, Apr 30, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain