Private banks in USA

Swiss private Bank REYL Group has appointed Nicolas Farah as the new CEO of its UAE unit REYL Finance MEA (RMEA).

The latest move comes shortly after the appointment of RMEA head Pasha Bakhtiar as the private bank’s new partner.

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Farah has an experience of over 25 years in the areas of investment banking, management consulting, private equity, as well as fund management. He has been serving REYL’s UAE affiliate as one of its founding members since 2015.

He formerly worked at Manufacturers Hanover, A.T. Kearney, Standard Bank, Willow Impact Investors and ES Bankers Dubai.

He has spent more than a decade advising financial institutions, sovereign wealth funds, family offices and HNWIS on cross-border acquisition strategies on emerging markets.

REYL & Cie CEO François Reyl said: “We are delighted to be able to count on a professional of Nicolas Farah’s calibre to ensure the continued development of RMEA by bringing innovative solutions to our clients.

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This appointment reflects our commitment to the UAE and we are confident that under Nicolas Farah’s stewardship, the Group’s regional growth strategy will be maintained on a path to success.”

Established in 1973, REYL Group has offices in Switzerland, London, Luxembourg, Malta, Singapore, Dubai, and Dallas. The group employs over 200 staff and manages more than CHF15bn in assets.