Standard Chartered Global Private Bank has announced a 20% expansion in its frontline private banking team in the UAE to cater to the increasing demand for customised private banking solutions.
The new team members will report to Nash Mithani, market head, private banking, UAE and head, Global South Asia Community.
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Momin Jaffar has been appointed as managing director, group head, bringing over 15 years of banking experience from HSBC in the UAE, where he most recently served as head of private banking.
Hamza Zahid and Zein Chaudhry have joined as executive director, relationship managers.
Hamza has nearly 15 years of wealth management and private banking experience from HSBC in the UAE and Pakistan.
Zein began his tenure with HSBC in the UK and then moved to the UAE to advance his wealth management and private banking career.
Ahmed Anabtawi has been appointed as executive director – team leader, contributing over 25 years of experience from various financial institutions, including Mashreq, QIB, Emirates NBD, HSBC, and Jordan Gulf Bank.
Mahmoud Elsgaei joins as director, relationship manager, with a decade of experience managing private wealth for high net worth clients at ADCB.
Alasdair Scarr has come on board as executive director, bringing over 35 years of experience from HSBC, Deutsche, and Citibank.
Samar Zarifeh and Hamsah Fadhil have been appointed as directors, each with over 20 years of experience in the financial industry, having worked with banks like Mashreq, ADCB, RBS, ABN AMRO, and CIBC (Canada), as well as in non-financial roles at Emaar and Du.
Standard Chartered Global Private Bank AMEE regional head and GSAC global head Vinay Gandhi said: “Expanding our private banking team in the UAE reflects our confidence in the country’s unique role as a global wealth hub.
“With its strategic location, world-class infrastructure, and forward-looking economic policies, the UAE continues to attract HNW and UHNW clients seeking stability and growth.”
The latest move is part of the bank’s wider plan to double its investment in the affluent business over the coming five years, with the UAE playing a central role.
Earlier this year, the global private bank made over a dozen new hires.
Last month, Standard Chartered introduced an artificial intelligence (AI)-powered video column called the “Standard Chartered Wealth Management FX Intelligent Expert.”
This platform offers clients real-time insights into the foreign exchange (FX) market using artificial intelligence technology.
