Credit Suisse is losing a key banker to the Middle East's super-rich – to an aggressive local rival in Asia.
Hani Al Nabulsi, a Credit Suisse managing director and «big gun» with the super-rich, is resigning from the Swiss bank, a person familiar with the move told finews.com. Al Nabulsi is heading for Bank of Singapore as head of global investors and family offices, based in the the United Arab Emirates, the person said.
Private banks continue to focus on their footprint in the Middle East, with Julius Baer and Pictet among those making splashy hires in the region this year. A seven-year veteran of Credit Suisse, Al Nabulsi will join BoS' growing presence in the region, targeting wealthy Middle Eastern clients as well as the region's Indian diaspora.
