UBS Global Wealth Management Group Strengthens Middle East Operations with Key Executive Appointments

UBS boosts its wealth management team in the Middle East

UBS Global Wealth Management Group is focusing on customer needs after acquiring Credit Suisse. The group is working on modernizing its regional operations and strengthening work teams in the Middle East region by appointing three employees into senior executive positions.

In pursuit of a flexible strategy implementation, UBS has announced the appointment of several key executives to its wealth management business in the Middle East region. Rana Al-Imam will become head of UBS business development in Abu Dhabi, effective from early July 2024. Al-Imam previously served as head of private banking at HSBC in Abu Dhabi, bringing a wealth of experience to his new role.

Basil Al-Zouk, former CEO of Deutsche Bank’s global operations in Saudi Arabia, will manage local wealth accounts in the Kingdom. Working with Tom Enyeke, he aims to drive growth in UBS’s global wealth management business in the region. Ali Khunji, former Head of Wealth Management and Personal Banking at HSBC, will become the development officer for the wealth management portfolio in Bahrain and the Eastern Province.

Nils Zilkens, Head of Wealth Management in the Middle East stated “I am pleased to welcome Al-Zouk, Khunji, Al-Imam and their teams. Their professional backgrounds and local expertise will enhance our presence in the Middle East. Together we aim to accelerate our growth strategy and achieve our ambitious goals for the group.”

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