Continued Growth for Crestbridge in Bahrain
Crestbridge has announced the appointment of Bashar Bazian as Managing Director of its Bahrain office.
The Bahrain office, which became part of the Crestbridge Group in April 2017 after the acquisition of Ohad Trust, provides a wide range of services to clients, including administration, accounting, reporting and trustee services to funds, corporates, employee benefits trusts, philanthropic and family office structures.
In his new role, Bashar will assume responsibility for business development activity in the Middle East in addition to the growth strategy and performance of the office, which has grown by nearly 50 per cent over the past two years.
With over 30 years’ experience in the region, Bashar has a strong track record in developing relationships with financial institutions, UHNW families and institutional investors. He brings with him a wealth of experience most recently as a private consultant, and previously as the former CEO of Intertrust Bahrain, Director at Merrill Lynch, Credit Suisse and UBS, and before that Regional Head for Arab Bank Group.
Former Managing Director, Naser Obaid, will continue to stay close to the business as he becomes a non-executive director of Crestbridge Bahrain B.S.C (c) company.
Paul Perris, Group Managing Director, Crestbridge, commented: “The Middle East continues to be strategically important to Crestbridge and having such an experienced individual as Bashar on the ground in Bahrain enables us to continue to add value to clients, who require increasingly sophisticated support in relation to their local and international assets.
We continue to be a market leader in Sharia’a compliant and Islamic Finance products and Private Investment Undertakings and provide a growing range of administration, accounting, reporting and trustee services to funds, corporates, UHNWI and family office structures in the region. I’m delighted that Bashar is able to join the team, and that Naser will remain close to the business as a Board member, and a key part of the succession.”
Investing in cars: fuel for thought
Although cars have taken a knock and been outperformed in investment terms by wine in the last year, there are still opportunities for a handsome return if you know where to look.Private Equity community strikes out against youth disadvantage
Members of the private equity community took to the hallowed turf of the Emirates Stadium to help raise money for the Private Equity Foundation