Nedbank Private Wealth has appointed Andrew Bates to head its Middle East and Asia operation.
In his new role, Bates will be based in the United Arab Emirates and will work alongside Mark Leale, regional manager of the banks’ Dubai office.
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Bates has been with the bank for over nine years, initially in the Isle of Man, then moving to London to oversee the successful launch of its UK office, and now to Dubai to expand the bank’s growth internationally in both the private client and intermediary sectors.
Bates, who has 20 years of experience in the financial services industry, has joined Nedbank from Lloyds TSB Bank in Miami.
At Lloyds, he was responsible for promoting banking and investment services to clients in South America.
Greg Horton, managing director of Nedbank Private Wealth, said: "We opened our Middle East office in April 2011 in order to serve our existing clients in the region, and now that it is firmly established, we are experiencing rapid growth there, as well as further afield in the Far East. We continue to develop our presence and raise the profile of our asset management offering internationally.
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By GlobalData"This senior appointment demonstrates our commitment to the region, where we see tremendous growth potential for the bank," Horton added.
