Top Stories
Julius Baer hires Doha Bank’s head of private banking to lead Qatar expansion
Global Banking & Finance Review®
Company
DOHA (Reuters) – Swiss wealth manager Julius Baer has hired the former head of private banking at Doha Bank, Slim Bouker, to lead an expansion in Doha, where it plans to open an advisory office at the Qatar Financial Centre, it said on Tuesday.
DOHA (Reuters) – Swiss wealth manager Julius Baer has hired the former head of private banking at Doha Bank, Slim Bouker, to lead an expansion in Doha, where it plans to open an advisory office at the Qatar Financial Centre, it said on Tuesday.
Julius Baer will open its Doha office once regulatory approvals are complete and Bouker will report to Alireza Valizadeh, CEO of Julius Baer’s Middle East operations, it said in a statement.
The bank already has offices in the United Arab Emirates, Bahrain and Israel. Qatar, among the world’s largest exporters of natural gas, is one of the richest per capita countries in the world.
“We’re seeing the emergence of the next generation of clients – a generation that likes to look beyond the traditional ways of wealth preservation, especially in Gulf Cooperation Council (GCC) countries such as Qatar,” Valizadeh said in the press release.
The appointment comes amid substantial growth of the financial services sector in Qatar, where UBS AG, Credit Suisse, HSBC, Ernst & Young and Intesa Sanpaolo already operate.
(Reporting by Andrew Mills; Editing by Robert Birsel)
Private banking refers to personalized financial services offered to high-net-worth individuals, including investment management, estate planning, and tax advice.
Wealth management is a comprehensive service that combines financial planning, investment management, and other financial services to help clients grow and preserve their wealth.
An advisory office is a branch of a financial institution that provides personalized advice and services to clients regarding investments, wealth management, and financial planning.
The Qatar Financial Centre is a financial and business hub in Doha, designed to attract international financial services firms and promote economic growth in Qatar.
Explore more articles in the Top Stories category
