JP Morgan has set up a dedicated Dubai-based team of wealth management advisers to join its existing lines of business,
In a statement on 4 September, the global banking group said that two internal hires – Sebastian Botana de Beauvau from Geneva and Carol Mushriqui from JP Morgan Private Bank London office – will provide wealth management services to affluent individuals, family offices, charities and family foundations across the region.
Karim Rekik, head of emerging markets and Middle East at JP Morgan International Private Bank, said: “There are several factors that make the region an appealing destination for our clients today.
“The Middle East continues to be a critical part of our growth agenda, both at the Private Bank and the firm more broadly.”
He further said: "The Middle East has for some time now, been a fast-growing global hub for innovation, attracting global interest and investment. Our dedicated local team strengthen our ability to better serve our clients,
The bank said it plans to “grow the team steadily in the coming years” to serve its clientele in the Middle East. which has been a fast-growing global hub for innovation, attracting global interest and investment.
