Veteran private banker Mubashar Ayoob has been appointed by Deutsche Bank as the head of its wealth management business in the Gulf region.
Based in Dubai, Ayoob will be responsible for leading a team of wealth managers in the Middle East as well Geneva and Frankfurt and helping to meet the bank’s ambitious growth target – it is seeking to increase assets under management by 50% over the next three years.
He replaces Fred Hilal who is leaving Deutsche after joining in January 2017.
Ayoob joined Deutsche Bank in 2011 and has been working in its wealth management business in Dubai. He was previously employed at Merrill Lynch and UBS in a 23 year career. In his new role he will report to Loic Voide, head of wealth management Middle East & Africa.
In addition to his wealth management role, Ayoob will also join Deutsche’s Dubai International Financial Centre and UAE executive committees.
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