UAE Largest Banking Group Emirates NBD Senior Management Changes: 1) Tariq Chaudhary Appointed as Group Head of Retail Banking & Wealth Management (RBWM) International, 2) Raed Al Jaser as Head of Wealth Management & 3) Mohammad Al Bastaki as Group Head of Private Banking & Wealth Management
18th December | Hong Kong
UAE largest banking group Emirates NBD has made senior management changes with 1) Tariq Chaudhary appointed as Group Head of Retail Banking & Wealth Management (RBWM) International, 2) Raed Al Jaser as Head of Wealth Management & 3) Mohammad Al Bastaki as Group Head of Private Banking & Wealth Management. In 2025 December, Emirates NBD & Dubai International Financial Centre (DIFC) formed a strategic partnership for family businesses & UHNWIs in DIFC Family Wealth Centre, which has 1,250+ family-related entities with the top 120 families managing $1.2 trillion assets globally. In 2025 October, Emirates NBD hired ex-UBS & Pictet Private Banker Jacky Ho as Senior Director to lead Greater China coverage, relocating from Hong Kong to Dubai. Jacky Ho has 12 years of private banking experience including at Pictet, UBS, Credit Suisse, Hang Seng Bank & Wing Lung Bank. In 2025 June, Emirates NBD appointed Rajiv Nair as Team Head of Global Asian Client Coverage for Private Banking. Rajiv Nair has been with Emirates NBD for nearly 13 years (2008 to 2018, 2022 to current) in Private Banking, Wealth Management & Corporate Banking. In 2024 April, Emirates NBD hired Citi 25-year veteran Sameer Deshpande as Head of Wealth Management to grow Emirates NBD business in Singapore & Asia (2024 April). At Citi, Sameer Deshpande had held senior leadership roles including as Global Head of Investments eSales, Region Head of Investments, Head of Institutional Funds. Sameer Deshpande started his career at Citi as a Management Associate in India (1995 to 2000), relocated to Australia in 2000, and rejoined Citi in 2004 as Director of Operations for Wealth Management in Singapore.
“ UAE Largest Banking Group Emirates NBD Senior Management Changes: 1) Tariq Chaudhary Appointed as Group Head of Retail Banking & Wealth Management (RBWM) International, 2) Raed Al Jaser as Head of Wealth Management & 3) Mohammad Al Bastaki as Group Head of Private Banking & Wealth Management “
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UAE Largest Banking Group Emirates NBD & Dubai International Financial Centre (DIFC) Form Strategic Partnership for Family Businesses & UHNWIs in DIFC Family Wealth Centre Which Has 1,250+ Family-Related Entities with Top 120 Families Managing $1.2 Trillion Assets Globally
5th December – UAE largest banking group Emirates NBD & Dubai International Financial Centre (DIFC) have formed a strategic partnership for family businesses & UHNWIs in DIFC Family Wealth Centre, which has 1,250+ family-related entities with the top 120 families managing $1.2 trillion assets globally. Announcement (3/12/25): “Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has announced a strategic partnership with Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, to empower family businesses and UHNWIs within the DIFC Family Wealth Centre. Under the terms of the strategic agreement, Emirates NBD Private Banking will collaborate with DIFC Family Wealth Centre (DFWC) to address the evolving needs of ultra-high-net-worth individuals (UHNWIs) and their family businesses by providing tailored frameworks, robust governance models, tax structuring, and succession planning to ensure long-term sustainability and legacy preservation. Recognising the critical need for specialised support, Emirates NBD will leverage the world-class infrastructure of DIFC to provide bespoke educational programmes, workshops, and other resources focusing on key topics including best practices in family governance, succession planning, and family office structures. The strategic agreement aligns mutual objectives and underscores a shared commitment to foster a robust ecosystem for family enterprises. This will add significant value to Emirates NBD Private Banking clients and members of the DIFC Family Wealth Centre, while reinforcing DIFC’s position as a thought leadership platform and Emirates NBD’s role as a trusted banking institution. Dubai is the region’s only financial centre to be a global leader with broad and deep capabilities, according to the Global Financial Centres Index. Being a leading national bank, Emirates NBD recognises the value of family businesses in the economy. The bank’s initiatives primarily concentrate on succession planning, wealth management, and providing specialised banking services tailored to the needs of these enterprises. Currently more than 1,250 family-related entities, including many global private-client institutions, are housed within DIFC. Collectively, the top 120 families based in DIFC manage over USD 1.2 trillion in assets globally, contributing significantly to the UAE’s economy, where family businesses drive around 60 per cent of GDP and employ 80 per cent of the national workforce. DIFC – DIFC provides a wide range of tools and structures that supporting family businesses and ultra-high-net-worth individuals (UHNWIs) can utilise to meet their different needs succession planning, wealth preservation, asset protection, governance, cross-border investments such as holding structures, family offices, and foundations. The partnership also provides direct access to resources and tailored products from Emirates NBD Private Banking. By offering sound family governance and succession planning solutions, including the Next Generation programmes, Emirates NBD Private Banking endeavours to empower these enterprises, while helping them prepare and adopt strategies that will ensure business continuity and preserve their family values for the future.” In 2025 October, Emirates NBD hired ex-UBS & Pictet Private Banker Jacky Ho as Senior Director to lead Greater China coverage, relocating from Hong Kong to Dubai. Jacky Ho has 12 years of private banking experience including at Pictet, UBS, Credit Suisse, Hang Seng Bank & Wing Lung Bank. In 2025 June, Emirates NBD appointed Rajiv Nair as Team Head of Global Asian Client Coverage for Private Banking. Rajiv Nair has been with Emirates NBD for nearly 13 years (2008 to 2018, 2022 to current) in Private Banking, Wealth Management & Corporate Banking. In 2024 April, Emirates NBD hired Citi 25-year veteran Sameer Deshpande as Head of Wealth Management to grow Emirates NBD business in Singapore & Asia (2024 April). At Citi, Sameer Deshpande had held senior leadership roles including as Global Head of Investments eSales, Region Head of Investments, Head of Institutional Funds. Sameer Deshpande started his career at Citi as a Management Associate in India (1995 to 2000), relocated to Australia in 2000, and rejoined Citi in 2004 as Director of Operations for Wealth Management in Singapore.
His Excellency Arif Amiri, Chief Executive Officer of DIFC Authority: “Family businesses from around the world choose Dubai and DIFC as a trusted platform to grow, innovate, and plan for the future. As a global hub for family enterprise, Dubai offers a progressive environment and DIFC provides world-class structures and advisory access that enable families to safeguard wealth and build enduring legacies. Our collaboration with Emirates NBD reinforces DIFC’s commitment to enabling sustainable family wealth strategies through robust governance and succession planning frameworks.”
Mohammad Al Bastaki, Group Head of Private Banking and Wealth Management: “Emirates NBD Private Banking is proud to join forces with DIFC. The agreement marks a significant milestone in our commitment to our private banking clients. We understand the unique complexities and aspirations of family businesses, and by collaborating with DIFC, we are providing a holistic platform to family-owned enterprises that offers unparalleled expertise in governance, succession, and wealth preservation. This alliance underscores our dedication to empowering our clients to navigate the future with confidence, ensuring their legacies endure and thrive across generations.”
UAE Largest Banking Group Emirates NBD Hires ex-UBS & Pictet Private Banker Jacky Ho as Senior Director to Lead Greater China Coverage Relocating from Hong Kong to Dubai, 12 Years Private Banking Experience Including at Pictet, UBS, Credit Suisse, Hang Seng Bank & Wing Lung Bank
9th October – UAE largest banking group Emirates NBD has hired ex-UBS & Pictet Private Banker Jacky Ho as Senior Director to lead Greater China coverage, relocating from Hong Kong to Dubai. Jacky Ho has 12 years of private banking experience including at Pictet, UBS, Credit Suisse, Hang Seng Bank & Wing Lung Bank. In 2025 June, Emirates NBD appointed Rajiv Nair as Team Head of Global Asian Client Coverage for Private Banking. Rajiv Nair has been with Emirates NBD for nearly 13 years (2008 to 2018, 2022 to current) in Private Banking, Wealth Management & Corporate Banking. In 2024 April, Emirates NBD hired Citi 25-year veteran Sameer Deshpande as Head of Wealth Management to grow Emirates NBD business in Singapore & Asia (2024 April). At Citi, Sameer Deshpande had held senior leadership roles including as Global Head of Investments eSales, Region Head of Investments, Head of Institutional Funds. Sameer Deshpande started his career at Citi as a Management Associate in India (1995 to 2000), relocated to Australia in 2000, and rejoined Citi in 2004 as Director of Operations for Wealth Management in Singapore.
UAE Largest Banking Group Emirates NBD Appoints Rajiv Nair as Team Head of Global Asian Client Coverage for Private Banking, Total of 13 Years at Emirates NBD in Private Banking, Wealth Management & Corporate Banking
25th June – UAE largest banking group Emirates NBD has appointed Rajiv Nair as Team Head of Global Asian Client Coverage for Private Banking. Rajiv Nair has been with Emirates NBD for nearly 13 years (2008 to 2018, 2022 to current) in Private Banking, Wealth Management & Corporate Banking. In 2024 April, Emirates NBD hired Citi 25-year veteran Sameer Deshpande as Head of Wealth Management to grow Emirates NBD business in Singapore & Asia (2024 April). At Citi, Sameer Deshpande had held senior leadership roles including as Global Head of Investments eSales, Region Head of Investments, Head of Institutional Funds. Sameer Deshpande started his career at Citi as a Management Associate in India (1995 to 2000), relocated to Australia in 2000, and rejoined Citi in 2004 as Director of Operations for Wealth Management in Singapore.
UAE Largest Banking Group Emirates NBD Hires Citi 25-Year Veteran Sameer Deshpande as Head Of Wealth Management to Grow Emirates NBD Business in Singapore & Asia, Sameer Deshpande Had Held Senior Leadership Roles at Citi Including as Global Head Of Investments eSales, Region Head Of Investments, Head Of Institutional Funds
20th August 2024 – UAE largest banking group Emirates NBD has hired Citi 25-year veteran Sameer Deshpande as Head of Wealth Management to grow Emirates NBD business in Singapore & Asia (2024 April). At Citi, Sameer Deshpande had held senior leadership roles including as Global Head of Investments eSales, Region Head of Investments, Head of Institutional Funds. Sameer Deshpande started his career at Citi as a Management Associate in India (1995 to 2000), relocated to Australia in 2000, and rejoined Citi in 2004 as Director of Operations for Wealth Management in Singapore.
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