NY-SCEPTER-PARTNERS
Scepter Partners, a leading direct investment and merchant banking platform for sovereign wealth and large cap family offices, announced the appointment of one of its founders, financier Rayo Withanage as Group Chief Executive Officer. In this role, Mr. Withanage will be responsible for leading the expansion and profitability of the Group. HH Prince Abdul Ali Yil Kabier shall continue as chairman of the Board of Stakeholders. Regarding Mr. Withanage’s appointment, HH Prince Abdul Ali, a scion of the Brunei Royal Family, commented, “We are honored to continue under the inspiration and leadership of Mr. Withanage. As he moves to a more executive role, he will drive the financial and strategic dimension of our business, which has the full support of over $14 billion in assets represented by Scepter’s core investors."
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151009005800/en/
Mr. Withanage was named by Euromoney as one of the most influential financiers in the Middle East and Asia, responsible for founding the BMB Group as "the industry's most exclusive commercial multi-family office." Trained as an M&A lawyer, he went into direct investments and began his career as a successful investor in emerging markets before becoming the head of the private investment offices of the co-founders of BMB. Under his leadership and majority ownership, BMB became the first commercial multi-family office of ruling families to unify investors from the Middle East & Asia. Mr. Withanage has an LLB in Law & a BA in Government from The University of Auckland and an MSc from the London School of Economics.
In 2015, the core investors of BMB decided to spin out their assets and combine resources with a number of sovereign and institutional investors to form Scepter. The move was the result of a desire by core investors to develop an institution with significantly more capital, syndication and merchant banking capabilities than a traditional family office. Scepter is now run by Anthony Steains and the former Blackstone Asia Advisory Partners Team. BMB was also refocused to be a specialist advisor and co-investor for Forbes 500 families. BMB, with offices in Bermuda and London, is now led by independent management under its CEO, Rahula Withanage.
About Scepter
Scepter is a standing syndicate of ruling families, ultra-high-net-worth industrialists and sovereign wealth funds. Headquartered in Bermuda with offices in New York and representative offices in London and Beijing, Scepter was founded to acquire large cap assets with a focus in natural resources, infrastructure, real estate and media and telecommunications. As a principal investor, Scepter is supported by the discretionary assets of its core stakeholders and a syndicate of investors who have combined resources to invest in off-market large cap transactions globally. For more information, please visit www.scepterpartners.com .
Legal Notice
Scepter Partners is a principal investor that does not require authorization by the Financial Conduct Authority or the Securities and Exchange Commission or by any financial services regulatory body. Scepter does not have any products open for third party investors. Nothing in this announcement is intended to be, or should be construed as an invitation, offer or inducement to any person or entity to engage in any investment activity.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151009005800/en/
Contact:
Hill+Knowlton Strategies
Joe Millsap, 1-212-885-0464
Joe.Millsap@hkstrategies.com
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
LambdaTest Recognized in "Autonomous Testing Platforms Landscape, Q3 2025" Report23.9.2025 17:00:00 CEST | Press release
With its GenAI and agentic AI capabilities, LambdaTest helps organizations scale testing and drive faster, more efficient software delivery. LambdaTest, a GenAI-native quality engineering platform, announced its inclusion in Forrester's Autonomous Testing Platforms (ATP) Landscape, Q3 2025. The report provides a comprehensive overview of the evolving market for Autonomous Testing Platforms, citing notable vendors driving innovation in AI-driven test automation. Forrester’s report defines Autonomous Testing Platforms as platforms that combine traditional automation with AI and GenAI agents to continuously perform increasingly autonomous testing tasks. These platforms ensure comprehensive and adaptive quality validation for both functional and non-functional tests across a wide range of applications and devices. LambdaTest’s innovative platform, which integrates AI and GenAI technologies, empowers teams to automate and scale testing across the software development lifecycle (SDLC). By le
Gurobi Releases 2025 State of Mathematical Optimization Report23.9.2025 15:00:00 CEST | Press release
Survey reveals how organizations harness optimization and emerging AI technologies to address strategic and operational challenges across industries. Gurobi Optimization, LLC, the leader in decision intelligence technology, is pleased to announce the release of its 2025 State of Mathematical Optimization Report. This year’s report, based on a survey of commercial users of mathematical optimization, sheds light on how organizations are leveraging optimization alongside other technologies, such as generative artificial intelligence (GenAI). Although just 6% of respondents currently combine optimization with GenAI or large language models, 24% report that they are experimenting with the two technologies, and 30% are interested but have not yet started. Meanwhile, 41% expect GenAI to play a “significant role” in their organization’s decision-making over the next two years. Other key findings include: In a year marked by organizational restructuring, demand for applied optimization professi
Obsidian Security Unveils AI Agent Defense to Secure SaaS Data Access23.9.2025 15:00:00 CEST | Press release
New platform capabilities safeguard enterprises from the next frontier of cyber risk: autonomous AI agents inside business-critical SaaS. Obsidian Security, leader in SaaS security, today announced the launch of SaaS AI agent defense, giving enterprises the first purpose-built solution to govern how AI agents access data in SaaS environments. With SaaS now one of the most targeted layers of the enterprise stack, Obsidian is closing the enterprise AI agent-to-SaaS blindspot, where unmanaged agentic AI integrations and excessive privileges can create cascading risk. In the recent Salesforce attack (UNC6040), threat actors used voice phishing campaigns to obtain initial access and run bulk API queries for large-scale data theft and extortion. The Salesloft Salesforce supply chain breach (UNC6395) illustrated the fragility of SaaS-to-SaaS integrations where one compromised chatbot integration expanded into unauthorized access across Salesforce and downstream applications, including Google
HARMAN Completes Sound United Acquisition to Expand Premium Audio Leadership23.9.2025 15:00:00 CEST | Press release
Strategic integration of Sound United’s award-winning audio brands strengthens HARMAN’s product portfolio and propels business growth HARMAN International ("HARMAN"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies for automotive, consumer, and enterprise markets, today announced it has completed the acquisition of Sound United, the former consumer audio business of Masimo Corporation (NASDAQ: MASI). Sound United’s portfolio of iconic audio brands includes Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé, and Boston Acoustics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250923135384/en/ This acquisition brings together Sound United’s respected roster of premium audio brands and Harman’s iconic audio portfolio. This strategic milestone marks a significant expansion in HARMAN's core audio business and footprint across key product categories inclu
82% of Global LPs to Increase Exposure to Private Credit in Next Three Years, CSC Research Finds23.9.2025 15:00:00 CEST | Press release
Portfolio diversification (76%) tops LP motivations to increase allocations, more than double those citing attractive returns (36%). Private credit GPs anticipate continued AUM growth, led by senior debt and asset-backed finance; cross-border lending set to surge. More than four fifths (82%) of limited partners (LPs) say they expect to increase allocations to private credit over the next three years, according to a new international study by CSC, the leading provider of global business administration and compliance solutions. Of these LPs, around two fifths (42%) expect “significant” growth in private credit exposure, underscoring the momentum and positive investor sentiment towards the asset class. The research that canvassed the views of 300 general partners (GPs) and 200 limited partners (LPs) in Europe, Asia Pacific, and North America, found that portfolio diversification was the primary motive behind greater allocation (according to 76% of LPs), ahead of attractive returns (36%).
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom