The BMB Group Ltd is a commercial multi-family office founded in 2004 that works as the principal investment arm of its core stake holders.[1][2] Founded by financier Rayo Salahadin Withanage, the group is owned by a group of influential Royal families.[3] Prominent Cayman Island Board of Directors include HRH Prince Khaled bin Alwaleed bin Talal Al Saud, only son of Billionaire investor HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, and HH Prince Abdul 'Ali Yil-Kabier and HRH Prince Bahar Bolkiah, a son of HRH Prince Jefri, who is the brother of the Sultan of Brunei and members of the Brunei royal family. The CEO of the Group is Mr Rahula Withanage. [4]
BMB Group acquired a substantial stake in Alliance Capital Group founded by Tom Moeskops in June 2010 by injecting $500 Million into the company and renaming the group BMB Alliance. On 16 september 2011, Tom Moeskops and Harrie van de Moesdijk, the main shareholders of the Alliance Capital Group were found in default on a 52 Million Euro loan with ABN AMRO related to the entire portfolio of the Alliance Capital Group. The judge in in Den Bosch order the two individuals to repay the full amount or their personal assets would be seized. The BMB Alliance never materialized nor the $500 Million investment according to the press article in the Eindhovens Dagblad. [5] natural resources,[6][7] wealth management,[8] Islamic finance[9][10] and philanthropy[11][12] Selected special advisors to the group include Jean Chrétien, Toyoo Gyohten, Enrique V. Iglesias, Pedro Malan and Ratan Tata. [13] <ref name=QUOTE."Tom Moeskops en Harrie van de Moesdijk moeten aftikken". QUOTE. 2011-16-09. http://www.quotenet.nl/quote-500/tom-moeskops-en-harrie-van-de-moesdijk-moeten-aftikken.php.