HSBC has launched onshore wealth management advisory services in Kuwait, expanding HSBC’s Global Private Bank offering in the country as part of its commitment to 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 from the Dubai branch of Bank of London and the Middle East plc, and he will work closely with HSBC’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 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 HSBC in Kuwait.”
