Steve Klemme appointed as head of Middle East in Barclays private bank and overseas services

Steve Klemme
Updated 10 November 2017
0

Steve Klemme appointed as head of Middle East in Barclays private bank and overseas services

Barclays has announced that Steve Klemme will be joining as the head of Middle East in private bank and overseas services.
With over 30-year experience in leading Middle East regional teams for global financial institutions, Klemme brings a unique depth and range of specialist expertise that will support the delivery of a high-growth strategy for private bank and overseas services across the region.
He and his teams, based in Dubai, Switzerland and London, will develop and strengthen relationships with Middle Eastern high net worth and ultra-high net worth clients through the delivery of bespoke advice and solutions and access to corporate and investment banking products and services.
Karen Frank, CEO, private bank and overseas services, Barclays, said: “This year we have completed a series of strategic appointments to deliver increased growth and returns. I’m excited to see our all new colleagues take up their seats because it shows the ambition of what we want to achieve for our clients. Klemme’s appointment significantly advances our plans to strengthen our capabilities in the Middle East.”
Francesco Grosoli, head of private bank for Europe, the Middle East and Africa, said: “Klemme’s track record in the Middle East, together with his technical expertise, will enable Barclays to originate and deliver a full range of banking, investment and credit capabilities tailored to the specific needs of our clients in the region. Klemme will focus on growing our Middle East market, by expanding and deepening our client relationships and delivering solutions from across Barclays International.”


GIB Capital takes 4 EMEA Finance awards

Updated 12 December 2018
0

GIB Capital takes 4 EMEA Finance awards

GIB Capital, a Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), has won awards in four categories in the EMEA Finance Middle East Banking Awards 2018.

The awards for the 11th year are recognizing the achievements of the best banks, asset managers and brokers in countries across the Middle East. 

Recognizing GIB Capital’s continued regional market leadership across investment banking products, EMEA Finance named GIB Capital as the “Best Investment Bank in the Middle East,” “Best Local Investment Bank — Saudi Arabia” and “Best Local Investment Bank — Bahrain,” each for the third consecutive year. GIB Capital was also named the “Best Foreign Investment Bank — Oman” for the second consecutive year. 

Osamah Mohammed Shaker, CEO of GIB Capital, said: “We’re extremely proud of the work that GIB Capital is doing for our clients across the GCC and of the recognition and confidence we continue to enjoy from the market for excellence in investment banking. The continued recognition that we have received across a number of geographies underscores our position as a leading player in our core markets.” 

During the 12-month review period for the EMEA Finance awards, GIB Capital completed over $17 billion in capital market transactions including sovereign issuances for Saudi Arabia, Bahrain and Oman. GIB Capital also assisted the shareholders of Saudi Tabreed District Cooling Company with the sale of a minority shareholding to IDB Infrastructure Fund II, in which the major investors include the Islamic Development Bank (IDB), Public Investment Fund (PIF), Public Pension Agency (PPA) of Saudi Arabia, Ministry of Finance of Bahrain and the Ministry of Finance of Brunei Darussalam. 

In another landmark transaction, GIB Capital assisted the shareholders of Byrne Equipment Rental Company with the sale of 100 percent shareholding to a consortium of investors including CITIC Pacific, a Chinese sovereign wealth fund, and V-Power, a Chinese company engaged in power generation.

EMEA Finance is among the leading information sources for the finance industry, delivering compelling and relevant reporting about the activities, challenges and opportunities that exist in one of the world’s most dynamic and emerging regions — the combined emerging Europe, Middle East and Africa. Awards are set to be presented to winners at the magazine’s annual awards ceremony taking place in Dubai in February 2019.