The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Investment banking: UBS puts its best foot forward in the Gulf

Like other global investment banks that are rushing to send their best talent to the Gulf, UBS is seeking to take advantage of the opportunities there.

Alex Wilmot-Sitwell, UBS

"I can think of few places in the world where the client overlap between wealth management, asset management and the investment bank is more obvious"
Alex Wilmot-Sitwell, UBS

In a bid to boost its presence in a region that is one of its weak spots, it made a number of senior appointments in the Middle East last month. These include a new, Gulf-based, regional chief, Per Larsson. Peter Burnett, Larsson’s predecessor, was based in London.

Until recently, Larsson was chief executive of Borse Dubai and the Dubai International Financial Exchange (DIFX).

Larsson’s appointment as chief executive for the Middle East and North Africa came just a week after UBS announced that it would double its Middle East investment banking team by the end of the year.

The bank said at the same time that it had been granted a licence to open in Saudi Arabia and that it was applying for a licence to operate in the Qatar Financial Centre. It also said it would move an equity research team to Dubai by the end of the year.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree