HSBC has launched onshore wealth management advisory services in Kuwait, naming Rayan Kazerooni as its head of global private banking for the new operation.
In a statement on 14 August, the international banking and financial services group said he joins HSBC Kuwait from the Dubai branch of Bank of London and the Middle East plc, and he will work closely with HSBC's established Global Private Banking centres in the UAE, Switzerland, the United Kingdom and Singapore to grow the bank's business in Kuwait.
This represented "another milestone" in the growth of HSBC Global Private Banking, which has expanded coverage in key markets - including the launch in the past 12 months of new operations in the UAE, India and Mexico - to enhance the bank's services and support for wealthy individuals, families, and entrepreneurs.
Samer Alabed, CEO of HSBC in Kuwait said: "HSBC Kuwait is constantly seeking to open up a world of opportunity for our clients. Providing clients with investment advice and tailored solutions that support their wealth ambitions, with seamless connections to our asset management, commercial banking, markets, and personal wealth divisions to provide an impeccable, tailor-made service adapted to the needs of wealthy families, entrepreneurs, and business owners, is an important development for HSBC in Kuwait."
