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Ahmad Nazim appointed LTAT CEO


Datuk Ahmad Nazim Abdul Rahman has been appointed as chief executive officer of Lembaga Tabung Angkatan Tentera (LTAT).
KUALA LUMPUR: Datuk Ahmad Nazim Abdul Rahman has been appointed as chief executive officer of Lembaga Tabung Angkatan Tentera (LTAT) and it takes effect on Tuesday.
The armed forces fund said on Monday Nazim is taking over Datuk Seri Amrin Awaluddin who stepped down on April 30 to serve as the new group managing director and CEO of Lembaga Tabung Haji.
LTAT chairman, General Datuk Seri di-Raja Tan Sri Mohd. Zahidi Zainuddin (retired) said LTAT looked forward to his leadership of LTAT.
“In his role, Nazim will lead the transformation initiatives and steer LTAT towards a sustainable and competitive retirement fund for its stakeholders. ....

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Abu Dhabi investment firm buys UAE wealth manager


Company ‘aims to be the one stop shop for its clients’
Investment company Al Hail Holding has acquired wealth and asset manager Allied Investment Partners (AIP) for an undisclosed sum.
Established in 2007, AIP is regulated by the Securities and Commodities Authority (SCA) in the UAE.
The firm offers asset management, wealth management, corporate finance and investment banking advisory services.
Hamad Jassim Al Darwish, chairman of AIP, said: “With the completion of this transaction, AIP has now become a fully local financial services firm, and aims to be the one stop shop for its clients providing wealth management, asset management, and a full suite of investment banking services.” ....

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Abu Dhabi's Al Hail Holding completes buy of Allied Investment Partners


Dubai: Abu Dhabi based Al Hail Holding has completed the buy of Allied Investment Partners, which will now launch new products into the market this quarter itself.
Launched in 2017, AIP provides advisory and management services in asset management, alternative investments, corporate finance and investment banking. “With the completion of this transaction, AIP has now become a fully local financial services firm, and aims to be the one-stop shop for clients,” said Iyad Abu Hweij, Managing Director of AIP.
“We are in the final stages of the development of a new set of products which will be launched during this quarter. These products will enable AIP to further address market demand for safe, liquid, and unique investments across different asset classes.” ....

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Abu Dhabi's Al Hail Holding acquires wealth management firm Allied Investment Partners

Abu Dhabi's Al Hail Holding acquires wealth management firm Allied Investment Partners
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