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Coutts expands Middle East Advisory Board

Bader Nasser Al-Kharafi

Bader Nasser Al-Kharafi

DUBAI/LONDON: Coutts yesterday announced the appointments of Saleh Ali Al-Turki, Sohail Al-Mazrui, Rami El Nimer and Bader Al-Kharafi to its Middle East Advisory Board. Coutts’ Middle East Advisory Board was created in October 2013 to help broaden and shape the firm’s ambitious plans, aiding hiring and driving performance by strengthening client relationships. The Board continues to meet twice a year to provide counsel to Management in the region. Michael Dismorr, Chairman for Coutts Middle East Advisory Board said: “We are thrilled and honored to welcome Saleh, Sohail, Rami and Bader to our Advisory Board, and we are confident that their collective experience and leadership will be invaluable to us.” He continued: “This is a very exciting time for Coutts in the Middle East, we have a strong commitment to the region and we are looking forward to receiving advice on our regional growth strategy from these distinguished individuals.” Saleh Ali Al-Turki is the Chairman and President of Nesma Holding Company and chairs several companies outside the Nesma Group.

He has also served as Chairman of Jeddah Chamber of Commerce & Industry, Saudi Chamber of Commerce & Industry and Albir Society in Jeddah for over a decade. Sohail Al-Mazrui is the Partner and Chairman of Abu Dhabi Business Hub; Senaat LLC, Emirates Conversion Industry Abu Dhabi and Chairman of Dubai Investments Company PJSC. Rami El Nimer is the CEO of the First National Bank Group of Companies. In addition, El Nimer is Chairman General Manager of Capital Finance Company SAL, Chairman General Manager of Middle East Capital Group and General Manager of Beirut Building Society. Bader Al-Kharafi is the Chairman, Vice President and Board member of a number of businesses including but not limited to Zain Mobile Telecommunications, Gulf Bank, Gulf Cables & Electrical industries and the British-Kuwait Friendship Society.

Al-Kharafi is also an Executive Director of the Al-Kharafi conglomerate. Coutts has been present in the Middle East for many years and opened its first representative office in the United Arab Emirates (UAE) in Dubai 14 years ago. The firm has regional offices in Dubai, Abu Dhabi and Doha and, in 2011, announced its intention to grow the business in core international markets, including the Middle East. Coutts is the wealth division of Royal Bank of Scotland Group. Coutts serves clients from over 40 offices across the world offering tailored wealth management, banking, trust and tax services. Coutts is headquartered at 440 Strand, London with offices in other key international financial centres in Zurich, Geneva, Hong Kong, Singapore and Dubai. The division includes Adam & Company providing private banking services from its base in Edinburgh and RBS International based in the Channel Islands which provides offshore banking.

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This article was published on 22/04/2014