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/ref> The company works only with ultra high-net-worth investors in private off-market initiatives. 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.The firm is co-chaired by HH Prince Abdul Ali Yil Kabier a scion of the Brunei Royal family. The CEO of BMB is Mr Rizmi Niyas. Past advisors for BMB include: The Rt Hon Lord Christopher Patten,
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."
The firm was founded in 2006 by prominent financier Rayo Withanage, originally an attorney and strategist who developed a successful career as a direct investor. Mr. Withanage, who was named in the ''
/ref> 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. BMB and its affiliates have invested upwards of US$12 billion around the world in the areas of private equity, real estate, natural resources,"The East-West Nexus". Global Investor. September 2010. Retrieved 2011-12-04. wealth management, hospitality and philanthropy."The BMB Group wins coveted mandate to manage Global Zakat and Charity Fund for OIC". AltAssets. 2009-03-01. Retrieved 2010-11-04. BMB is headquartered in
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,
BMB acquired Deutsch Bank’s subsidiary business in
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.
In 2015 Scepter Bid $5.1Billion for Santos, one of Australia’s largest oil and gas businesses. Scepter returned again in partnership with a consortium of investors led by Harbour Energy to offer $14.4Billion for Santos. Scepter spun out the Scepter investment corporation today which is owned by HH Prince Bahar Bolkiah, a scion of the Brunei royal family.
Background
The BMB Group (formerly Brunei Merchant Bank) is an advisory and asset management platform for ruling families andForbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
500 investors. In 2015 the firm refocused its business to provide capital and specialist advice exclusively for Forbes 500 families.Streetinsider.com/ref> The company works only with ultra high-net-worth investors in private off-market initiatives. 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.The firm is co-chaired by HH Prince Abdul Ali Yil Kabier a scion of the Brunei Royal family. The CEO of BMB is Mr Rizmi Niyas. Past advisors for BMB include: The Rt Hon Lord Christopher Patten,
Ratan Tata
Ratan Naval Tata, GBE (born 28 December 1937) is an Indian industrialist and former chairman of Tata Sons. He was also the chairman of the Tata Group from 1990 to 2012, serving also as interim chairman from October 2016 through February 2017. ...
, Henry Kissinger
Henry Alfred Kissinger (; ; born Heinz Alfred Kissinger, May 27, 1923) is a German-born American politician, diplomat, and geopolitical consultant who served as United States Secretary of State and National Security Advisor under the presid ...
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."
The firm was founded in 2006 by prominent financier Rayo Withanage, originally an attorney and strategist who developed a successful career as a direct investor. Mr. Withanage, who was named in the ''Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' 100 rising stars of finance.Efinancialnews.com/ref> 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. BMB and its affiliates have invested upwards of US$12 billion around the world in the areas of private equity, real estate, natural resources,"The East-West Nexus". Global Investor. September 2010. Retrieved 2011-12-04. wealth management, hospitality and philanthropy."The BMB Group wins coveted mandate to manage Global Zakat and Charity Fund for OIC". AltAssets. 2009-03-01. Retrieved 2010-11-04. BMB is headquartered in
Bermuda
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. Business ventures includes:
EMP Global
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
Moeenuddin Ahmad Qureshi (Urdu: معین الدین احمد قریشی; 26 June 1930 – 22 November 2016) was a Pakistani American economist and civil servant who served as caretaker prime minister of Pakistan from July to October 1993. ...
and former treasurer of the World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
, Mr Donald Roth.The partnership raised over USD7 Billion for private equity funds focused on Asia, South America, Middle East and emerging Europe. BMB Islamic
BMB acquired Deutsch Bank’s subsidiary business in Islamic finance
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics ...
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
Zakat ( ar, زكاة; , "that which purifies", also Zakat al-mal , "zakat on wealth", or Zakah) is a form of almsgiving, often collected by the Muslim Ummah. It is considered in Islam as a religious obligation, and by Quranic ranking, is ne ...
fund to manage Islamic philanthropic money. Dr Humayon Dar was the CEO of BMB Islamic.Scepter Capital
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.
In 2015 Scepter Bid $5.1Billion for Santos, one of Australia’s largest oil and gas businesses. Scepter returned again in partnership with a consortium of investors led by Harbour Energy to offer $14.4Billion for Santos. Scepter spun out the Scepter investment corporation today which is owned by HH Prince Bahar Bolkiah, a scion of the Brunei royal family.
References
External links