Emirates Investment Bank, a client-focused, independent private and investment banking boutique headquartered in Dubai, has announced today the appointment of Jean-Paul Petoud as the Chief Investment Officer (CIO), effective immediately.
In his new role, Mr. Petoud will lead a team of senior relationship managers and be responsible for developing Emirates Investment Bank’s suite of tailor-made wealth management services sourced from all over the globe and covering all asset classes.
Mr. Petoud has over 30 years’ experience in the private banking and investment management sector having worked for a variety of international institutions both in Switzerland and the Middle East. He joins Emirates Investment Bank after 10 years with a Riyadh and Geneva -based Family Office of a prominent member of the Saudi Royal family, where he was the Chief Investment Officer and member of the Executive Committee. Prior to that, Mr. Petoud has held senior roles with various international institutions including Swiss Private Bank J. Vontobel AG and Clariden Bank, the private bank of Credit Suisse Group.
Commenting on the appointment, Khaled Sifri, Chief Executive Officer of Emirates Investment Bank, said: “I am very pleased to welcome Jean-Paul as the new Chief Investment Officer. His extensive international and regional experience will further enhance our capability to advise and guide our select yet diverse client base of high net worth individuals and institutions on wealth protection and accumulation.”
Mr. Petoud said: “Emirates Investment Bank has an excellent reputation as an independent private bank that builds long-term working relationships with clients and helps them achieve their personal and business financial needs. I am very excited to be working with such a high calibre team to provide best in class private banking services.”
In 2008, Emirates Investment Bank redirected its strategy from being a pure asset manager to a wealth management platform offering private and investment banking services to a broader client base. Since then, the Bank has grown its assets under management by more than 400%.