EFG International appoints new chief executive officer

DUBAI (9th Dec 2022): Global private banking group, EFG International, appoints a new Chief Executive Officer (CEO) for its Dubai advisory office. 

According to reports, the banking group offering private banking and assets management services headquartered in Zurich, Germany has just appointed a new CEO Ali Sandila as the executive officer for its Dubai Advisory Office, effective from 1st December. Sandila is succeeding Sascha Pietrek who stepped down from the position citing personal interests. 

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The Zurich-based firm confirmed the news on Wednesday, in a statement, that Pietrek has decided to step down from the position of CEO but will continue to serve as an external board member for the Dubai subsidiary. 

Meanwhile, Sandila will focus on strengthening EFG’s presence in the United Arab Emirates (UAE) as well as driving EFG’s accelerated business growth from the DIFC (Dubai International Financial Centre) as the CEO, reporting to the regional head, François Farjallah. 

Ali Sandila joined EFG in 2019 when the bank commenced its operation across Dubai, prior to which he has two decades’ worth of experience in the field of wealth management and private banking. It is worth noting that Sandila was also appointed the head of private banking in Dubai, in 2019. 

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Prior to that, he started his career in banking as early as 2002 and held several senior client relationship roles at Mashre Bank PJSC, ABN Amro, and UBS. From there Sandila went on to serve as the lead and head of the Middle East at Julius Baer (Middle East) between 2010 to 2015. Moreover, the newly appointed CEO has experience serving as the market head for the Middle East and as a member of the Middle East and Africa Board at LGT Bank Middle East, also based in the Dubai International Financial Centre, since 2016.

It is pertinent to note that the EFG Dubai Advisory Office has up to thirty employees serving high-net-worth individuals in the region. 

Head of continental Europe and the Middle East Region, Patrick Ramsey, while announcing the appointment said, “As part of our 2025 strategic plan, we aim to expand our Middle East business across GCC countries and the Levant, as well as broadening our range of investment and credit products and services with a particular focus on Sharia offerings and custody services for local Middle Eastern securities.”

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