Latest news with #PrivateBanking
Zawya
2 days ago
- Business
- Zawya
Barclays hires former HSBC private banker Farzad Billimoria in UAE
Farzad Billimoria has been appointed as the head of Private Bank for the UAE at Barclays. Barclays, which marks its 50th year in the country, is positioning itself to drive growth in private banking and wealth management. The bank is chasing market share in the Middle East and Asia. Billimoria will be based in Dubai and report to Annabelle Bryde, Barclays' head of Private Bank International. Billimoria served as the Senior Executive Officer and Head of Private Bank for the UAE at HSBC. He left HSBC amid the recent leadership changes that came as part of the restructuring efforts under CEO Georges Elhedery. (Reporting by Brinda Darasha; editing by Seban Scaria)
Zawya
2 days ago
- Business
- Zawya
Farzad Billimoria to join Barclays as Head of Private Bank for the UAE
Dubai – Barclays today announces the appointment of Farzad Billimoria as Head of Private Bank for the United Arab Emirates (UAE). Farzad will be responsible for leading the Private Bank in the UAE, overseeing the local team and its governance, and driving the growth of the UAE business as a strategic hub for the broader Middle East region and international corridors. Based in Dubai, Farzad will join the bank on 1 July (subject to regulatory approval), reporting to Annabelle Bryde, Barclays' Head of Private Bank International. Farzad brings 30 years of expertise in financial services, including rich experience across Private Banking, Wealth Management and Retail Banking. Most recently, Farzad served as the Senior Executive Officer and Head of Private Bank for the UAE at HSBC where he drove the bank's strategy in the region. During his tenure and having lived in the UAE for over two decades, Farzad led a team that established HSBC Private Bank (Suisse) SA offices in the Dubai International Financial Centre (DIFC) Branch and Abu Dhabi Global Market (ADGM). He also launched the first onshore Private Bank booking centre for HSBC in the UAE. Additionally, he managed the growth of the Non Resident Indians (NRI) business in the region and has handled some of the UAE's largest ultra-high-net-worth (UHNW) client portfolios and relationships. 'The Middle East presents significant growth opportunities for Barclays with its expanding influence on global markets and increasing wealth generation,' said Annabelle Bryde, Head of Private Bank International, Barclays. 'We are excited to welcome Farzad, who brings with him a strong blend of leadership and extensive local market experience. His appointment reflects our ambition to further elevate the importance and priority of the region, alongside accelerating our growth plans in the UAE.' Khaled El Dabag, CEO of Middle East and North Africa, Barclays added, 'We look forward to welcoming Farzad to the team and leveraging his experience and knowledge to continue to drive growth and deliver exceptional value to our clients.'
Al Bawaba
2 days ago
- Business
- Al Bawaba
Farzad Billimoria to join Barclays as Head of Private Bank for the UAE
Barclays today announces the appointment of Farzad Billimoria as Head of Private Bank for the United Arab Emirates (UAE). Farzad will be responsible for leading the Private Bank in the UAE, overseeing the local team and its governance, and driving the growth of the UAE business as a strategic hub for the broader Middle East region and international corridors. Based in Dubai, Farzad will join the bank on 1 July (subject to regulatory approval), reporting to Annabelle Bryde, Barclays' Head of Private Bank brings 30 years of expertise in financial services, including rich experience across Private Banking, Wealth Management and Retail Banking. Most recently, Farzad served as the Senior Executive Officer and Head of Private Bank for the UAE at HSBC where he drove the bank's strategy in the region. During his tenure and having lived in the UAE for over two decades, Farzad led a team that established HSBC Private Bank (Suisse) SA offices in the Dubai International Financial Centre (DIFC) Branch and Abu Dhabi Global Market (ADGM). He also launched the first onshore Private Bank booking centre for HSBC in the UAE. Additionally, he managed the growth of the Non Resident Indians (NRI) business in the region and has handled some of the UAE's largest ultra-high-net-worth (UHNW) client portfolios and relationships.'The Middle East presents significant growth opportunities for Barclays with its expanding influence on global markets and increasing wealth generation,' said Annabelle Bryde, Head of Private Bank International, Barclays. 'We are excited to welcome Farzad, who brings with him a strong blend of leadership and extensive local market experience. His appointment reflects our ambition to further elevate the importance and priority of the region, alongside accelerating our growth plans in the UAE.' Khaled El Dabag, CEO of Middle East and North Africa, Barclays added, 'We look forward to welcoming Farzad to the team and leveraging his experience and knowledge to continue to drive growth and deliver exceptional value to our clients.' © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Bloomberg
06-06-2025
- Business
- Bloomberg
HSBC's Private Bank Turns Overweight US Stocks on AI Hopes
HSBC's private banking arm has gone overweight US stocks and neutral on those in Europe, flipping its view from earlier this year after a breezy round of earnings from US tech companies. The country's tech giants defied a recent sense of gloom on Wall Street to deliver first-quarter earnings that mostly showed strong growth despite President Donald Trump's disruptive trade policies. That cemented the private bank's enthusiasm for stocks that are likely to benefit from the artificial intelligence boom, according to Willem Sels, global chief investment officer at HSBC Global Private Banking and Premier Wealth.
Bloomberg
23-05-2025
- Business
- Bloomberg
Expecting Decent Upside In Tech: JPMorgan's Sundar
JPMorgan Private Bank Head of Alternative Investment Strategy Sitara Sundar speaks with Dani Burger on 'The Brief.' (Source: Bloomberg)
