Comgest, which manages $17bn in Mena/emerging markets assets, has launched two new Shariah-compliant funds, one with a global emerging markets focus and the other a European equity focused fund

New UK-based pension scheme NEST has awarded its Shariah mandate to HSBC Global Asset Management (HSBC GAM).

Qatar National Bank (QNB) is set to expand its business by rolling out brokerage and custody activities under the newly-formed subsidiary ‘QNB Financial Services’.

The second annual Mena FM Power 50 comes at a time when strong industry leadership could not be more important.

Abu Dhabi asset manager Invest AD has suspended its Libya Fund just weeks after launching it, Mena FM has learned.