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Bahrain’s Investcorp set to launch $100mn new fund

Reuters Bahrain-listed Investcorp plans to launch a $100 million fund dedicated to Oman’s pension funds, the alternative asset manager said on Sunday. Investcorp’s new fund will focus on private equity investments in the United States and Europe, the company said in an emailed statement, and will target mid-sized companies across a broad range of sectors. Investcorp, which manages more than ...

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JPMorgan sees busiest Middle East year with IPOs, M&A driving deals

Bloomberg JPMorgan Chase & Co. sees initial public offerings and M&A driving Middle East deals this year in what the US bank expects to be its busiest in the region. Private sector mergers and state sell-offs as part of privatisation plans will accelerate, while corporate bond sales are also likely to rise, Sjoerd Leenart, the bank’s global head of corporate ...

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UBS boosts compensation for CEO, staff as profit rises

Bloomberg UBS Group AG boosted Chief Executive Officer Sergio Ermotti’s pay and increased the bank’s bonus pool by about 6 percent after underlying profit rose. The Zurich-based lender boosted the bonus pool for 2017 to 3.1 billion Swiss francs ($3.3 billion), according to its annual report. Ermotti remains the highest-paid executive, earning 14.2 million francs, up from the 13.7 million ...

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