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Goldman Hires Ex-UBS Banker to Double Wealth Business in Mideast

Goldman Hires Ex-UBS Banker to Double Wealth Business in Mideast This content was published on April 8, 2021 - 04:00 April 8, 2021 - 04:00 (Bloomberg) Goldman Sachs Group Inc. hired a UBS Group AG banker to run its private wealth management unit for the Middle East and North Africa, as part of a strategy to expand its business catering to rich clients. Gabriel Aractingi joined the U.S. bank earlier this month as head of private wealth management for the region and will be based in Geneva. He was previously UBS’s head of global family office for MENA since 2018. “We’re aiming to double the size of the wealth management business in the Middle East, and that’s across headcount and client money we manage,” Stefan Bollinger, co-head of private wealth management for Europe, the Middle East and Africa, said in an interview.

Goldman Sachs Taps UBS' Private Bank

Goldman Sachs Tap UBS' Private Bank