Union Bancaire Privée (UBP) has made leadership changes in its Middle East operations, appointing Fahd Iqbal as head of investment services in Dubai, according to a press release published on Zawya.

Operating out of Dubai, Iqbal will be responsible for locally embedding the Global Investment Committee’s investment approach.

He will report to the Senior Executive Director of UBP’s Dubai office, 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 delighted to welcome Fahd to UBP. His experience in global markets and his ability to translate investment insights into clear and relevant guidance for the client will be a strong addition to our value proposition in the Middle East.”

“Fahd will play an important role in strengthening our local investment services and ensuring that we continue to benefit from the full support and expertise of our head office.”

UBP also appointed Joy Chammas and Mohammed Zaheer as market heads for the Middle East.

Chammas brings experience from the private banking sector to the Gulf Cooperation Council and will focus on client relations 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.

Mohamed Abdellatif, co-head of UBP Middle East and Africa (MEA), said: “This investment in talent reflects our continued development of our Middle East platform and our focus on providing dedicated and on-the-ground coverage to clients across the region.

“We remain focused on providing high-quality wealth management services and our long-term commitment to the region, based on more than 20 years of investment here.”

UBP has operated in the Middle East for over 20 years, initially from Switzerland before opening an office in the Dubai International Financial Center (DIFC) in 2011.

The bank opened its Riyadh office in 2025.

UBP currently has about 100 employees worldwide, with more than 40 in the region managing assets in excess of 24 billion French francs for clients in the Middle East, according to Zawya.

“UBP expands Middle East team with leadership hires” was originally created and published by International Private Banka trademark owned by GlobalData.

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