The Banking Executive Magazine - April 2025

Western wealth managers have in- creased their presence in the UAE as its ease of doing business, conven- ient time zones and tax-free status has attracted an increasingly diverse pool of investors tandard Chartered is expanding its private banking team in the United Arab Emirates, joining other financial institutions looking to tap into the growing market. As part of the expansion, Standard Chartered Global Private Bank ap- pointed Yahya Ismail as market head for Europe, Middle East and Africa. Western wealth managers have in- creased their presence in the UAE as its ease of doing business, conven- ient time zones and tax-free status has attracted an increasingly diverse pool of investors. Last year Rothschild opened a wealth management office in Dubai and JP- Morgan (JPM.N) set up a private banking team in the city the BANKING EXECUTIVE 38 ISSUE 196 APRIL 2025 Career Chronicle STANDARD CHARTERED EXPANDS UAE PRIVATE BANKING TEAM