To expand its presence in the GCC, Indosuez Wealth Management has appointed two senior private bankers.
The bank, which has been operating in the UAE for nearly 50 years, is constantly expanding its regional footprint as it looks to add more teams and AUM there.
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This senior team members will work alongside the current group in the United Arab Emirates and GCC, where Indosuez has two locations: a branch in the Dubai International Financial Centre (DIFC), which is regulated by the Dubai Financial Services Authority, and an office in Abu Dhabi that is managed by the Central Bank of the UAE, which is an onshore entity.
Omar Abouzeid joined Indosuez from Deutsche Bank, while Jeremy Rouland came from Credit Suisse.
Additionally, Indosuez opened an external asset management (EAM) desk in the DIFC, which is managed by Enguerrand Lacour, a recent hire from Société Générale Private Banking.
In addition to serving clients throughout the GCC, the desk seeks to leverage the robust dynamics of the region’s independent wealth industry, which includes external asset managers and multifamily offices.
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By GlobalDataThe global EAM branch of Indosuez provides a special and well-coordinated approach to satisfy the affluent clientele’s complex needs, especially with regard to financing, private markets, and structured products. The services that Indosuez offers are customised to meet the demands of customers in each of the several jurisdictions where it operates.
Emile Salawi, head of Middle East & key clients at Indosuez stated: “We are delighted to welcome Omar and Jeremy to the Indosuez UAE private banking team. These key hirings further bolster our commitment to this growing market in which we have now been present for decades. We are focused on capitalising on new opportunities, strengthening our presence, and delivering an exceptional client experience by leveraging the unique network of Crédit Agricole CIB and Amundi in the region.”
David Saliné, global head of External Asset Management at Indosuez added: ‘’The appointment of Enguerrand as head of EAM desk in the Middle East is part of the group’s growth strategy to expand the depth of Indosuez’s offerings for third-party managers, aiming to become a benchmark player for our multibooking proposition.”
