Market Chatter: UBS Loses Recently Hired Middle East Wealth Bankers

MT Newswires Live05-18

UBS (UBS) has lost several senior Middle East wealth bankers less than two years after hiring them, Bloomberg News reported Monday, citing people familiar with the matter.

The departures include Rana Al Emam and Ali Khunji, both of whom were hired from HSBC (HSBC) in 2024. Al Emam has joined Banco Santander (SAN), while Khunji moved to J. Safra Sarasin earlier this year, according to the report.

UBS didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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