One of Asia's fastest-growing private banks has poached an UHNW banker from Credit Suisse to be its head of global investors and family offices.
Private banks continue to focus on their footprint in the Middle East, with the majority – Julius Baer, Bank of Singapore and Pictet – making splashy hires in the region this year.
The latest move is of a veteran banker described as a «big gun» by industry sources who resigned from his role as a managing director with Credit Suisse to join the Bank of Singapore. Hani Al Nabulsi joins the Asian lender as its head of global investors and family offices based in the UAE, finews.asia can reveal.
Al Nabulsi will join the bank's growing presence in the Dubai International Financial Centre (DIFC) which targets wealthy Middle Eastern clients as well as the region's Indian diaspora. The bank had made clear its intent to hire proactively for this business, which is overseen by Vikram Malhotra, the bank's global market head for Southeast Asia and the Middle East.
