Coutts has hired Michael Dismorr from Deutsche Bank, as the managing director for its expanding Middle East operations.
Dismorr will be based in Dubai. He will report to Amir Sadr, co-head of Coutts’ Middle Eastern business.
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Prior to this role, he was the regional head of Deutsche Bank’s business of advising its key clients and a chairman of the German lender’s Middle East advisory board.
The Middle East and Africa wealth management sector grew 8.6% in 2010 and overall assets under management could grow to US$6.7 trillion by 2015 helped by high oil prices, a study by the Boston Consulting Group in June, 2012.
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