Standard Chartered Global Private Bank expands frontline bankers by 20 percent in the UAE

Part of a broader strategy to double its investment in the affluent business over the next five years

Dubai, United Arab Emirates – Standard Chartered Global Private Bank announced today the expansion of its frontline private banking team by 20% in the UAE. This move underscores the Bank’s unwavering commitment to supporting the growing demand for bespoke private banking solutions in one of the world’s most prominent financial hubs.

The investment in the private banking business in the UAE is part of Standard Chartered’s broader strategy to double its investment in the consistently fast-growing and high-returning affluent business over the next five years, with the UAE playing a pivotal role in these efforts. As a gateway to international markets and a hub for innovation, the UAE offers unparalleled opportunities for clients seeking stability and global connectivity.

Commenting on the appointments, Vinay Gandhi, Global Head of GSAC and Regional Head of AMEE, Standard Chartered Global Private Bank, 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. This growing demand for bespoke private banking solutions is driving our commitment to further enhance our capabilities in the UAE, positioning us as a trusted partner that seamlessly connects clients to global markets and investment opportunities while helping them protect, manage, and grow their wealth.”

He added: “The UAE continues to be a priority market for Standard Chartered, with the bank actively investing in talent and resources to meet the needs of its high and ultra-high-net-worth clients. This latest expansion reflects the bank’s strategy to remain at the forefront of private banking, leveraging its global network and local expertise to provide unparalleled services to this growing client segment.”

Standard Chartered’s focus on expanding its presence in key markets like the UAE highlights its dedication to delivering tailored private banking solution and building lasting partnerships with clients. In addition to this expansion, the Global Private Bank announced earlier this year over a dozen new hires, and today’s new hires aligns with its ambition to consistently build up capabilities to support the needs of high and ultra-high net worth (HNW and UHNW) clients.

Key UAE Appointments

The following colleagues will report to Nash Mithani, Market Head, Private Banking, UAE, and Head, Global South Asia Community:

Momin Jaffar joined as Managing Director, Group Head. He has over 15 years banking experience which was built during his tenure in HSBC in the UAE. While he started with commercial banking, Momin spent the last 10 years honing his relationship management skills in private banking. He was most recently Head of Private Banking for the UAE at HSBC.

Hamza Zahid and Zein Chaudhry joined as Executive Director, Relationship Managers. Hamad brings nearly 15 years of wealth management and private banking experience which was honed during his tenure at HSBC in the UAE and Pakistan. Zein started his banking career with HSBC in the UK as a financial advisor before relocating to the UAE to further his career in wealth management and private banking with the Bank.

Ahmed Anabtawi joined us as Executive Director – Team Leader. He is an accomplished Private Banking professional with over 25 years of experience in the financial services industry, working within Banks at Mashreq, QIB, Emirates NBD, HSBC and Jordan Gulf Bank.

Mahmoud Elsgaei joined as Director, Relationship Manager. Mahmoud has over 10 years of experience in wealth management and private banking, most recently managing private wealth for HNWs at ADCB.

Alasdair Scarr joined as Executive Director. He is an accomplished Private Banking professional with over 35 years of experience in the financial services industry, working within Private Banks at HSBC, Deutsche, and Citibank.

Samar Zarifeh joined us as Director. She is a passionate private banker professional with over 20 years of experience in the financial industry working with banks like Mashreq, ADCB, and CIBC (Canada), as well as non-financial roles at Emaar and Du.

Hamsah Fadhil joined us as Director. She is a seasoned and highly accomplished private banker professional with over two decades of dedicated service in the financial industry working with banks like Mashreq, ADCB, RBS, ABN AMRO, and CIBC (Canada).

For further information please contact:

Wasim Benkhadra, Head of Communications, UAE, ME & Pakistan, and Africa

Corporate & Investment Banking Communications Lead

Standard Chartered

+9714 5083221

wasim.benkhadra@sc.com