RBC Capital Markets has appointed Thomas Ehlke as the bank’s head of mergers and acquisitions in Germany, Austria and Switzerland, according to a news release on Thursday.
The news agency also report that UBS, the world’s biggest wealth manager, wants to increase the number of bankers targeting the Middle East notably those serving the Saudi wealth market, an executive said.
Simon Smiles, chief investment officer of the bank’s ultra high net worth unit, told Reuters at an investment conference in Riyadh that Saudi investors wanted to diversify their assets, which meant more demand for wealth management services.
UBS serves clients from Geneva, Dubai and London. It also has an advisory office in Riyadh. He did not provide details on the hiring figures.
Finally, Citigroup has appointed veteran Steven Lo as Asia head of its private banking business unit, replacing Bassam Salem who is retiring from that role in February, according to an internal memo seen by Reuters.