Jump to content

BMB Group

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Charlotte bossick (talk | contribs) at 14:40, 4 April 2023 (Images added). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

BMB Group / BMB Advisors
Company typePrivate Office
IndustryFinancial services
Founded2006 (2006)
HeadquartersBermuda
Websitethebmbgroup.com

Background

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.

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]

File:Rayo Withanage.jpg
Rayo Withanage

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 Bermuda.[2] Business ventures includes:

EMP Global

File:EMP Global.jpg
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 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]

File:BMB Islamic.jpg
BMB Islamic

BMB Islamic

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]

File:Scepter Capital.jpg
Scepter Capital

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.[21]In 2015 Scepter Bid $5.1Billion for Santos, one of Australia’s largest oil and gas businesses. [22][23]Scepter returned again in partnership with a consortium of investors led by Harbour Energy to offer $14.4Billion for Santos.[24]Scepter spun out the Scepter investment corporation today which is owned by HH Prince Bahar Bolkiah, a scion of the Brunei royal family.[25]

References

  1. ^ a b Streetinsider.com
  2. ^ a b "The Wall Street Journal". Archived from the original on 2013-05-15. Retrieved 2019-05-31.
  3. ^ a b "Feature on BMB Group in Euromoney Magazine - Gulf Analytica". Retrieved 2023-04-04.
  4. ^ a b c d "Banking industry news & analysis of international finance | Euromoney magazine". Euromoney.com. Retrieved 2014-08-22.
  5. ^ Rayo Salahadin Withanage. "Rayo Withanage: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Archived from the original on August 11, 2014. Retrieved 2014-08-22.
  6. ^ Efinancialnews.com
  7. ^ "Philantech". Philantech. Retrieved 2023-04-04.
  8. ^ "BMB Group buys EMP to expand in emerging markets". Retrieved 2015-05-29.
  9. ^ "BMB Group buys EMP to expand in emerging markets". Retrieved 2015-05-30.
  10. ^ a b Likus, Anita (2010-06-23). "BMB Group Ties Up With Alliance Capital". The Wall Street Journal.
  11. ^ "The East-West Nexus". Global Investor. September 2010. Retrieved 2011-12-04.
  12. ^ Effinger, Anthony (2010-10-14). "BMB Says It Bid $4 Billion for Atlantis Owner Kerzner". Bloomberg. Retrieved 2014-08-22.
  13. ^ "Brunei fund to splash out £675m on Club Med | The Sunday Times". www.thesundaytimes.co.uk. Archived from the original on May 29, 2015. Retrieved 2015-05-29.
  14. ^ Effinger, Anthony (2010-10-14). "BMB Says It Bid $4 Billion for Atlantis Owner Kerzner". Bloomberg.com. Retrieved 2015-05-30.
  15. ^ "The BMB Group wins coveted mandate to manage Global Zakat and Charity Fund for OIC". AltAssets. 2009-03-01. Retrieved 2010-11-04.
  16. ^ "BMB poach sharia team of Deutsche unit - Banking & Finance". ArabianBusiness.com. 2007-06-25. Retrieved 2014-08-22.
  17. ^ "BMB Group absorbs EMP Global". www.tradearabia.com. Retrieved 2023-04-04.
  18. ^ Ramos, Rita Raagas De. "BMB Group buys EMP to expand in emerging markets | bmb, emp". FinanceAsia. Retrieved 2023-04-04.
  19. ^ "BNamericas - EMP Global LLC (EMP)". BNamericas.com. Retrieved 2023-04-04.
  20. ^ "BMB poach sharia team of Deutsche unit".{{cite web}}: CS1 maint: url-status (link)
  21. ^ "Scepter Partners forms dedicated merchant bank for sovereign investors and family offices".{{cite web}}: CS1 maint: url-status (link)
  22. ^ "Santos rejects $5.1B sovereign wealth-backed bid". CNBC. Retrieved 2023-04-04.
  23. ^ "Santos rejects $5.1B sovereign wealth-backed bid". CNBC. Retrieved 2023-04-04.
  24. ^ "The inside story of how Santos spurned Harbour Energy". Australian Financial Review. 2018-06-01. Retrieved 2023-04-04.
  25. ^ www.scepterpartners.com http://www.scepterpartners.com/. Retrieved 2023-04-04. {{cite web}}: Missing or empty |title= (help)
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=BMB_Group&oldid=1148176787"