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HSBC appoints Head of Global Private Banking in Kuwait

By Delisha Fernandes

August 14, 2023

  • Banking
  • Entrepreneurs
  • FinTech Kuwait
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HSBCHSBC has launched wealth management advisory services in Kuwait, to expand its offering and provide investment and wealth management solutions to support clients to achieve their ambitions.

Rayan Kazerooni has been appointed Head of Global Private Banking for HSBC Kuwait, joining HSBC from the Dubai branch of Bank of London and the Middle East plc, and he will work closely with the bank’s established Global Private Banking centres in the UAE, Switzerland, the United Kingdom, and Singapore to grow the bank’s business in Kuwait.

This represents another milestone in the growth of HSBC Global Private Banking, which has expanded coverage in key markets  including the launch in the past 12 months of new operations in the UAE, India, and Mexico to enhance the bank’s services and support for wealthy individuals, families, and entrepreneurs.

Samer Alabed, CEO of HSBC in Kuwait said, “HSBC Kuwait is constantly seeking to open up a world of opportunity for our clients. Providing clients with investment advice and tailored solutions that support their wealth ambitions, with seamless connections to our asset management, commercial banking, markets, and personal wealth divisions to provide an impeccable, tailor-made service adapted to the needs of wealthy families, entrepreneurs, and business owners, is an important development for the bank in Kuwait.”

HSBC is one of the largest and most widely represented international banking organisation in the Middle East, North Africa, and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, The bank is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom.

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