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Tue 6 Jan 2015 04:47 PM

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Credit Suisse hires new MidEast head for ultra HNWIs

Muwaffak Bibi is appointed to head ultra-high net worth individuals business in the region

Credit Suisse hires new MidEast head for ultra HNWIs

Credit Suisse has hired Muwaffak Bibi to head its ultra-high net worth individuals business in the Middle East, the Swiss lender said in a statement on Monday.

Bibi joins from Citigroup, having spent more than 35 years with the U.S. bank, including serving as chairman ofCiti Private Bank in the Middle East and North Africa since 1999, the statement added.

He will be based in Geneva and will report to Bruno Daher, chief executive of Credit Suisse Middle East.

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