According to a company statement, Michel Adjadj has been appointed Chairman of the Board of Global Gate Asset Management SA. The seasoned private banker served as Executive Vice Chairman of UBS Wealth Management until 2022. Before that, he led the Swiss bank’s Wealth Management business across Europe, the Middle East and Africa (EMEA) for twelve years. According to his LinkedIn profile, he has been working as an independent adviser in Cyprus since December 2023.

Jean-Pierre Mehana joins Global Gate as Managing Director and will also become a partner of the group. The long-serving UBS executive most recently headed the Near East business at UBS Wealth Management Switzerland in Geneva as a Managing Director. Earlier in his career, he served as Director and Cluster Head Middle East at Barclays Wealth & Investment Management.

With the two appointments, Global Gate aims to accelerate the expansion of its international wealth management activities. According to the company, the group manages approximately $8 billion in assets and has offices in Geneva, London, New York, Luxembourg, Paris, Dubai and Beirut.

Rudy Sayegh, Founder and Chief Executive Officer of Global Gate Group, said: “These two appointments mark an important milestone in the development of Global Gate Wealth Management. Together, Michel and Jean-Pierre bring more than sixty years of experience serving international private clients across the Middle East and Europe – a market that Global Gate has served for many years and one that continues to offer significant growth opportunities.”

Michel Adjadj added: «Global Gate Wealth Management offers a compelling proposition for international private clients. I am delighted to contribute to the group at this important stage of its development.»

Jean-Pierre Mehana commented: «I have spent my career serving international private clients across the Middle East and Europe, and Global Gate Wealth Management provides the expertise and long-term client philosophy that enable me to continue doing so at the highest level.»