Hinduja Bank Appoints New Managing Directors

DUBAI - Hinduja Bank Middle East Limited, a subsidiary of the Swiss bank Hinduja Bank Switzerland Limited, has appointed two former directors of Barclays Wealth as Managing Directors.

By Aneela Batool

Published: Sun 12 Apr 2009, 11:49 PM

Last updated: Thu 2 Apr 2015, 3:33 AM

Maneesh Dungarwal and Ali R. Khatau have been working together as a team for 10 years now. Together they bring over 25 years of banking experience within the MENA and South Asia Region.

Maneesh and Ali managed a team of bankers at Barclays Wealth focussing on building business in the region based on a total solution approach in recent past.

As Executive Directors between 2003 and 2006, they were responsible for working closely with the Baer family to help them set up Julius Baer Middle East Limited in Dubai and were responsible for business development and relationship management in all the core areas of expertise of the Bank.

This included private banking and institutional asset management in the Middle East and Sub-continent.

Maneesh is a qualified Chartered Accountant and has also held senior positions in ABN AMRO and Merrill Lynch. Ali was educated in the UK and US and has held senior positions in ABN AMRO, Merrill Lynch and Coutts & Co.

“The arrival of Maneesh Dungarwal and Ali Khatau represents an important milestone in the build up of our Middle East subsidiary, Hinduja Bank (Middle East) Limited. I am very confident that they will become an important asset for our business in the Middle East and in the Indian Subcontinent,” said I. Schouker, Chief Executive Officer of Hinduja BankSwitzerland Limited.

“The global financial crisis that we are in today also presents many opportunities. We believe that the Dubai International Financial Centre is the ideal platform to do business from with its state-of-the-art infrastructure and regulatory environment. The bank has identified Dubai as a strategic hub to develop business in a region that has tremendous growth opportunities,” said Dungarwal.

“In such challenging times, clients need sound advice and solutions to their problems. In order to succeed we need to listen and create these solutions for them. Our strong balance sheet and client oriented approach will allow us to deliver tailor-made solutions in Wealth Management, Trade Finance and corporate Advisory,” added Khatau.

· aneela@khaleejtimes.com

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