UBS boosts its wealth management team in the Middle East

In pursuit of flexible strategy implementation, the 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.

The Swiss bank has announced the appointment of Rana Al-Imam as 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. 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 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.”