Oracle Capital Group has expanded its asset management and investment advisory business with the appointment of Rakesh Naker (pictured) as a Managing Director & Head of International Business at Machlin Oracle (part of Oracle Capital Group).
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, says: “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.”
Naker, Managing Director & Head of International Business at Machlin Oracle, says: “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.”