Union Bancaire Privée strengthens Middle East governance team to deliver on growth plans

Union Bancaire Privée strengthens Middle East governance team to deliver on growth plans

Dubai, United Arab Emirates: Union Bancaire Privée, UBP SA (“UBP”), a Switzerland-headquartered private bank, is pleased to announce the appointment of Mohamed Shoukry as the new CEO of UBP Middle East, its Dubai-based subsidiary, effective from 1 January 2024, subject to regulatory approval.

With more than two decades of experience in the field, Mohamed Shoukry is a seasoned banker with an exceptional track record across several organisations in the Middle East and North Africa. Prior to joining UBP, he held senior roles at Citi, Mashreq Bank, National Bank of Abu Dhabi and most recently at J.P. Morgan as Head of Multinational Coverage for CEEMEA.

In his new capacity, Mohamed Shoukry succeeds Mohamed Hamed Abdellatif, who joined the Bank in 2012 and has served as the CEO of UBP Middle East since 2015. From 1 January 2024, Mohamed Abdellatif will be assuming the role of Co-Head of the Middle East and Africa (MEA) region, alongside Walid Shash, who has been driving UBP’s MEA strategy since 2005.

This strategic leadership change comes in response to the rapid growth UBP has been experiencing in the Middle East, reflected by the strong inflows from UHWNIs, institutional clients and family offices in the last few years. These new