Global wealth management giant UBS will set up a Qatar hub in the next few weeks, International Adviser understands.
This comes several months after the company signed of a memorandum of understanding (MoU) with the Investment Promotion Agency of Qatar.
The office will be UBS’ second Middle East wealth hub alongside its UAE operation.
A UBS spokesperson told IA that it hopes to hire around 20 people by the end of the year.
Hire
The wealth manager has recruited Tarek Eido to oversee its wealth management business in Qatar, starting 1 March.
He joins from HSBC Private Bank, where he was a managing director in the Mena region, according to his Linkedin profile.
