Dubai, UAE; 09 December 2015: Emirates Investment Bank, ("EIBank"), a client-focused, independent private and investment banking boutique headquartered in Dubai, has appointed Iyad Quttaineh as Head of Private Banking. Iyad will lead and build the private banking business, covering High-Net-Worth Individuals, Family Offices, Institutions and Independent Asset Managers.
Commenting on Iyad's appointment, Khaled Sifri, CEO of Emirates Investment Bank, said, "I would like to welcome Iyad to Emirates Investment Bank; he brings a wealth of experience in leading private banking teams and will play a key role in accelerating the growth of our business. Whether they are based in the UAE or outside of the country, our clients' needs are increasingly global. Iyad's extensive international experience will help us further enhance the services we provide our clients and ensure we are meeting their global banking needs wherever they are in the world."
Prior to joining Emirates Investment Bank, Iyad led Credit Suisse's Middle East Team in London and their GCC teams in Dubai, Abu Dhabi and Doha, covering ultra-high-net-worth individuals and family offices in the GCC and Levant. He has also led Middle Eastern Private Banking desks in London at Emirates NBD, BNP Fortis, Riggs National Bank and Arab Bank.
On his appointment, Iyad Quttaineh said, "As the only onshore boutique private bank in the UAE, Emirates Investment Bank is uniquely positioned to offer clients access to global investment opportunities, with best practice operating and reporting standards, while booking assets here in the UAE. The UAE is becoming an increasingly prominent global hub for business, finance, trade and tourism, which creates an opportunity for us to serve the banking needs of high-net-worth individuals from not just the UAE but anywhere in the world."
Iyad holds a BBA, Major in Management, from University of Texas and is a Chartered Member of the Chartered Institute for Securities & Investment.
About Emirates Investment Bank pjsc:
Emirates Investment Bank is an independent private and investment banking boutique operating in the Middle East and headquartered in Dubai, UAE. It offers highly customised services through two primary business lines:
Private Banking: Emirates Investment Bank works closely with a select yet diverse client base of High Net Worth individuals and institutions to bring them tailor-made wealth planning services and investment solutions sourced from all over the world.
Investment Banking: Emirates Investment Bank's professional financial advisory team provides its clients with innovative investment banking services including Mergers & Acquisition (M&A), balance sheet restructuring as well as access to regional capital markets.
Emirates Investment Bank is regulated by the Central Bank of the UAE, and as a listed entity on the Dubai Financial Market (Ticker: EIBank), it is also supervised by the Emirates Securities and Commodities Authority. For further information, please visit: www.eibank.com.
For the year ended 31 December 2014, the Bank's assets under management grew 81% to AED 7.72 billion compared with AED 4.26 billion in 2013.
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© Press Release 2015