Rakesh Naker is appointed as a Managing Director and Head of International Business of Machlin Oracle (FCA regulated entity of Oracle Capital Group)
18 January 2016, London: Oracle Capital Group today announced an expansion of its asset management and investment advisory business and has appointed Rakesh Naker as a Managing Director & Head of International Business at Machlin Oracle (part of Oracle Capital Group).
Rakesh Naker has 16 years of experience within Private Banking and has recently returned to the UK from Dubai. His responsibilities will include strategic business development with a focus on the Middle East and Asia.
Oracle Capital Group targets to secure the leading position among family offices in MENA region and the Group is planning to open new offices in Dubai and Morocco in the beginning of 2016 as well as to explore new opportunities through strategic partnerships. According to the World Wealth Report 2015 by Capgemini, the size of the HNWI population in the Middle East increased by 7.7% in 2014 to 0.6 million, while HNWI wealth is US$ 2.3 trillion.
Martin Graham, Chairman of Oracle Capital Group, said:
“At Oracle Capital Group, we are focusing on providing best in class services for HNW and UHNW families from emerging markets and even in today’s time of global uncertainty we see lots of opportunities for our clients. Rakesh Naker is a great addition to our London team. His background, understanding of client needs and strategic vision will provide a major boost to our company’s growth in key markets.”
Rakesh Naker, Managing Director & Head of International Business at Machlin Oracle, said:
“I’m extremely excited to be joining Oracle Capital Group and Machlin-Oracle Limited, and to help grow the business further, at a time when there is a huge change taking place in the Financial Services industry. Oracle Capital Group is perfectly positioned to capitalise on these changes and help its new and existing clientele to enjoy a greater level of service, sophisticated investment capabilities and global reach.”
Background:
Following the recent management buyout led by Chairman Martin Graham, Oracle Capital Group’s asset management and investment advisory business will be conducted through Machlin-Oracle Limited, authorised and regulated by the Financial Conduct Authority firm number: 170913. The Company offers bespoke discretionary and advisory portfolio management to high-net-worth individuals, family offices and entrepreneurs, coupling modern investment strategies with the “one-stop-shop” approach of the Group.
Notes to Editors
About Oracle Capital Group
Oracle Capital Group is a global independent multi-family office and wealth management company. Founded in 2002, the Group provides one-stop shop solutions for high-net-worth individuals and their families from emerging markets who wish to interact with developed economies. Oracle Capital Group was awarded Family Office of the Year at City of London Wealth Management Awards in 2015 and was counted in the Top Three family offices by Forbes Russia.
Regulated Financial services of Oracle Capital Group are provided through Machlin-Oracle Limited.
Oracle Capital Group has offices and associates in London, Geneva, Nassau, Moscow, Almaty, employs over 100 staff worldwide and operates under regulations of FCA, SRA, ACCA, HMRC, ACRA, OFT, ICO.
For more information please visit: www.orcap5.wpengine.com
Rakesh Naker
Managing Director & Head of International Business at Machlin Oracle
Mr. Naker has 16 years of experience of Private Banking, having worked in senior positions for international banks throughout his career in the UK and Middle East. His core expertise lies in the Private Banking & Asset Management arena but he has also spent some time working on Corporate & Investment Banking transactions during his career.
He has a very entrepreneurial & business focused mind-set and also maintains a strategic outlook on all opportunities. He has been successfully managing client monies for many years in excess of US$ 500 Million and has a proven track record in delivering results for his clientele.
Mr. Naker has previously worked for Man Group, Credit Suisse, Societe Generale and Liechtenstein LandesBank amongst others during the course of his career. In addition he laterly set up his own firm, Priamos Capital Advisors in Dubai.
Media Contacts
Anton Davidenko
Head of Marketing Communications
Oracle Capital Group
Telephone: +44(0)2077256953
anton.d@orcap.co.uk
