Union Bancaire Privée (UBP) has made senior leadership changes in its Middle East operations, naming Fahd Iqbal as head of investment services in Dubai, according to a press release posted on Zawya.
Operating out of Dubai, Iqbal will be responsible for embedding the Global Investment Committee’s investment approach locally.
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He will report to UBP Dubai office senior executive officer Arfat Qayyum.
Iqbal previously served as chief investment officer for the Middle East at UBS and has held positions at Credit Suisse, EFG Hermes, and Deutsche Bank.
Qayyum said: “We are pleased to welcome Fahd to UBP. His depth of experience across global markets and his ability to translate investment insights into clear, client-relevant guidance will be a strong addition to our value-proposition in the Middle East.
“Fahd will play an important role in reinforcing our local investment services and ensuring we continue to benefit from the full support and expertise of our Head Office.”
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By GlobalDataUBP also appointed Joy Chammas and Mohammed Zaheer as market heads for the Middle East.
Chammas brings experience from the Gulf Cooperation Council’s private banking sector and will concentrate on client relationships and business development in the region.
Zaheer, who joined UBP in 2015, manages a diverse portfolio and has overseen client transitions following UBP’s acquisition of Coutts International.
UBP Middle East and Africa (MEA) co-head Mohamed Abdellatif said: “This investment in talent reflects our ongoing development of our Middle East platform and our focus on providing dedicated, on-the-ground coverage to clients across the region.
“We remain focused on delivering high-quality wealth management services and on our enduring commitment to the region, built on over 20 years of investment here.”
UBP has operated in the Middle East for over 20 years, initially from Switzerland before opening an office in Dubai International Financial Centre (DIFC) in 2011.
The bank opened its Riyadh office in 2025.
UBP currently has about 100 staff globally, with more than 40 based in the region managing assets exceeding SFr 24bn for Middle Eastern clients, as per Zawya.
