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Gunvor Shakes Up Leadership After Crude Oil Trading Losses

(Bloomberg) -- Gunvor Group is renewing its leadership team after taking some hits in crude oil trading last year including a bullish North Sea play that went wrong, according to Chief Executive Officer Torbjörn Törnqvist. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysPari

Dubai's Emirates NBD partners with BlackRock to offer private markets access

Dubai's Emirates NBD bank is teaming up with BlackRock to offer its wealth management clients opportunities to access alternative asset classes, with a focus on private markets, it said in a statement on Tuesday. Both firms have signed a Memorandum of Understanding to establish an investment platform for the United Arab Emirates (UAE) wealth management market, which will initially focus on private credit and multi-alternatives. Private markets, including both equity and credit markets, are less liquid but also promise higher returns than listed securities.