Understanding UBS Dubai's Banking Services and Presence

UBS Dubai has a significant presence in the region, with a history dating back to 1979 when it was established as a branch of UBS Switzerland.

The bank offers a range of banking services, including wealth management, investment banking, and asset management.

UBS Dubai is part of the UBS Group, one of the world's largest wealth managers and a leading global bank.

The bank has a strong reputation in the region, with a large client base and a wide range of financial products and services.

UBS is taking a significant step in bolstering its presence in the Middle East by appointing a new management team for investment banking.

Hazem Shawki, a veteran from Goldman Sachs, has been appointed head of Middle East and North Africa investment banking, including global banking and markets. He has extensive experience in the region, having led some of the largest transactions in the Middle East.

Tara Luthra, who previously worked at Morgan Stanley, will lead the global banking division with corporate advisory and capital market transactions for the Middle East.

UBS AG is cutting investment banking jobs in Dubai and relocating executives to focus on asset management and private banking.

The bank cut about 10 investment banking positions in Dubai, with Andre Portelli, head of debt capital markets, relocating to Switzerland to be managing director of the institutional solutions group for emerging markets.

Matthew Odgers, regional head of UBS's investment banking division in Dubai, also relocated to London, with Omar Al-Salehi taking on Odgers' role in addition to his position as vice chairman for MENA investment banking.

UBS is among global banks shifting its investment banking presence from Dubai as clients postpone share sales and trading dwindles.

The bank is focusing on wealth management and seeking to boost profitability, with Chief Executive Officer Sergio Ermotti overhauling the bank in response to pressure from Swiss regulators.

UBS is ranked 20th in the Middle East for bond underwriting this year, after ranking 33rd last year, with a deal worth $321 million for Qatar National Bank.

UBS AG has a significant presence in the Middle East, with a new management team appointed for investment banking. Hazem Shawki, a veteran from Goldman Sachs, has been appointed head of Middle East and North Africa investment banking.

The Swiss banking giant has also hired Bassel Zaouk, a Deutsche Bank veteran with 17 years of experience, to join its wealth management division. Zaouk's move to UBS is a clear indication that the bank wants to step up its activities in the region.

UBS has been expanding its wealth management business in the Middle East, with a focus on tapping a growing pool of rich clients. The business hub of Dubai has become a top destination for financial professionals.

The Middle East is increasingly becoming a hub for global financial flows, driven by the region's abundant oil resources. UBS is using its acquisition of Credit Suisse as an opportunity to rebuild its regional investment banking business.

UBS has hired a group of private bankers from Credit Suisse, including Sanjay Advani and his team, to target rich Indians living in the Gulf region. Their appointment is part of UBS's push to focus on the growing number of wealthy Indians living overseas.

UBS has appointed a new management team for its dealmaking unit in the Middle East, signaling an aggressive expansion strategy into the region.

Hazem Shawki, a veteran with experience leading investment banking businesses in the Middle East, has been appointed head of Middle East and North Africa investment banking at UBS.

Tara Luthra will lead the global banking division with corporate advisory and capital market transactions for the Middle East.

The breadth of experience of these executives suggests UBS is committed to growing its presence in the region.

Shawki, who previously led the investment banking business of Goldman Sachs in the Middle East, has taken part in some of the largest transactions in the region.

With 17 years of experience at Deutsche Bank, Bassel Zaouk will bring significant knowledge of regional markets and a network to UBS' wealth management division.

Zaouk's move to UBS is a clear indication that the bank wants to step up its activities in the region.

The Persian Gulf is becoming a hub for global financial flows, driven by the region's abundant oil resources and lucrative profit prospects.