 | |
| Type | Private Office |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Bermuda |
| Website | thebmbgroup |
| | |
| Type | Private Office |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Bermuda |
| Website | thebmbgroup |
The BMB Group (formerly Brunei Merchant Bank) is an advisory and asset management platform for ruling families and Forbes 500 investors. In 2015 the firm refocused its business to provide capital and specialist advice exclusively for Forbes 500 families. [1] The company works only with ultra high-net-worth investors in private off-market initiatives. [2] providing specialist advice in the form of business development and strategic advisory services, with a focus on emerging markets of Asia, Latin America, CIS and the Middle East. [1] The firm is co-chaired by HH Prince Abdul Ali Yil Kabier a scion of the Brunei Royal family. [3] The CEO of BMB is Mr Rizmi Niyas. Past advisors for BMB affiliates include: Chris Patten, Ratan Tata, Henry Kissinger and Bill Cohen.
In an investigative report, Euromoney described BMB as "one of the world’s most exclusive financial institutions. The group calls to mind an era when courts of Asian empires were the global centers of money, technology, culture and power. Its growing number of investors are drawn from eastern ruling families with vast riches gleaned from the long term growth demand for commodities." [4] The firm was founded in 2006 by prominent financier Rayo Withanage, [4] originally an attorney and strategist who developed a successful career as a direct investor. [5] Mr. Withanage, who was named in the Financial Times 100 rising stars of finance. [6] Though Mr Withanage remained a majority shareholder of BMB, he resigned as CEO to lead Philantech which develops media & technology companies that are systemically transformative in achieving the global sustainability goals. [7]
BMB and its affiliates have invested upwards of US$12 billion [4] [8] around the world in the areas of private equity, [9] real estate, [10] natural resources, [4] [11] wealth management, [10] hospitality [12] [13] [14] and philanthropy. [15] [16] BMB is headquartered in the corporate tax haven of Bermuda. [2]
In 2008 BMB invested to acquire a 50% interest in EMP Global which was a pioneer in emerging markets private equity. EMP was founded in 1992 by Former Prime Minister of Pakistan, Moeen Qureshi and former treasurer of the World Bank, Mr Donald Roth.The partnership raised over USD7 Billion for private equity funds focused on Asia, South America, Middle East and emerging Europe. [17] [18] [19]
BMB acquired Deutsch Bank’s subsidiary business in Islamic finance which advised on over $20 Billion in transactions.BMB Islamic was an early pioneer in Islamic finance. BMB advised the Malaysian Prime Minister, Abdullah Ahmad Badawi and the Organization of Islamic Countries on the setup of a global Zakat fund to manage Islamic philanthropic money. [20] [3] Dr Humayon Dar was the CEO of BMB Islamic.
In 2015 BMB invested in the creation of Scepter Partners, a standing syndicate of sovereign investors and ultra-high net worth families. Scepter was managed by veteran investment banker Anthony J Steains and the former Blackstone Advisory Partners Asia team. The formation of Scepter’s merchant banking division created one of the most experienced merchant banking specialists focused on family offices and sovereign wealth. [21]
In 2015 Scepter bid $5.1 billion for the Australian oil and gas company Santos Limited. [22] Scepter returned again in partnership with a consortium of investors led by Harbour Energy to offer $14.4 billion for Santos, but were unsuccessful. [23] Scepter spun out the Scepter investment corporation today which is owned by HH Prince Bahar Bolkiah, a scion of the Brunei royal family. [24]
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB).
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. The Board is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank.
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
A credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation from a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts.
Sukuk is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988.
Wasserstein Perella & Co., sometimes referred to as "Wasserella", was a boutique investment bank established by Bruce Wasserstein, Joseph R. Perella, Bill Lambert, and Charles Ward in 1988, former bankers at First Boston Corp., until its eventual sale to Dresdner Bank in 2000 for some $1.4 billion in stock. The private equity business of the investment firm was not included in the sale and was to be sold off to existing Wasserstein shareholders.
Kuwait Financial Centre K.P.S.C “Markaz” is an asset management and investment banking institution in the MENA region with total assets under management of over KD 1.154 billion as of 31 December 2022. Markaz was listed on the Boursa Kuwait in 1997. Markaz has created new investment channels that enjoy unique characteristics and help Markaz widen investors’ horizons. Examples include Mumtaz, MREF, and Forsa Financial Fund, all conceptualized, established, and managed by Markaz.
Euromoney Institutional Investor PLC is one of Europe's largest business and financial information companies which has interests in business and financial publishing and event organization. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by private equity groups, Astorg and Epiris, in November 2022.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's fourth largest bank by market capitalisation as of July 2023, following its takeover of parent company HDFC. It is the second largest company by market capitalisation of $172 billion on the Indian stock exchanges. It is also the sixteenth largest employer in India with nearly 1.73 lakh employees.
Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986.
Akbank T.A.Ş. is one of the largest banks in Turkey. Founded in 1948, As of 2022, Akbank reported a consolidated net profit of TL 60 billion 26 million. Listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. Akbank serves in the fields of corporate and investment banking, commercial banking, SME banking, consumer banking, payment systems, private banking, investment services and treasury transactions.
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.
Humayon Dar is the director general of the Cambridge Institute of Islamic Finance, a research institute specializing in the financial sectors of the countries with significant proportion of Islamic banking and finance.
Euromoney is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc.
Asiamoney, a financial publication established in 1989, has now merged with other key capital markets publications from the Euromoney Institutional Investor Group: Euroweek, Total Securitization and Derivatives Week, to form GlobalCapital. GlobalCapital delivers daily services dedicated to the following key market sectors: FIG/bank finance including covered bonds, corporate bonds, syndicated loans, equity, leveraged finance, global emerging markets, securitization and offshore RMB.
BTG Pactual is a Brazilian financial company that operates in the markets of investment banking, wealth management, asset management, corporate lending and sales and trading. It offers advisory services in mergers and acquisitions, wealth planning, loans and financings, as well as investment solutions and market analyses. It is the sixth largest banking institution in Brazil, the eleventh largest in Latin America, and the largest investment bank in Latin America and the Caribbean.
Islami Bank Bangladesh PLC (IBBPLC) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. When IBBPLC was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.
IIFL Finance Limited d/b/a IIFL and India Infoline Finance Limited, is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain. IIFL and its group companies are backed by Canadian investor Prem Watsa, private equity firm General Atlantic and CDC Group, the UK Government's private equity arm. IIFL is ranked among the top seven financial conglomerates in India and as the top independent financial services firm in India in terms of market capitalisation. Nirmal Jain is the chairman of the group, while R Venkataraman is the group managing director and co-promoter.
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Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.
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