DBS Appoints MidEast Private Banking Head
Deutsche Bank’s ex-Switzerland CEO is joining Singapore-based DBS to lead its private banking arm in the Middle East.
DBS has appointed Loic Voide as head of private banking for Middle East and Africa (MEA), according to a statement, effective August 1. In the newly created role, he will be responsible for growth and performance across the region, with a focus on ultra-high net worth clients and their families. Based in the Dubai International Financial Center (DIFC), he will report to Vikas Jaidka, region head (Middle East, Africa, NRI), DBS Private Bank.
Voide was most recently CEO and chief country officer at Deutsche Bank (Switzerland). Prior to that, he was co-CEO and head of private banking for MEA at the German lender. Previously, he also held senior wealth management roles at UBS and Credit Suisse.
Asia-Middle East Flows
In addition to capitalizing on local opportunities, the bank also observed the growing trend of Middle Eastern families establishing family offices in Asia’s twin hubs, Singapore and Hong Kong. In response, dedicated wealth planning teams have been put in place to support these clients with customized legacy and estate planning services to meet multi-generational needs.
«The growth of our wealth management franchise is underpinned not only by Asia’s burgeoning wealth but also our ability to facilitate capital and wealth flows between the Middle East, Asia and beyond,» commented Shee Tse Koon, group head of consumer banking and wealth management, DBS Bank.
«We are therefore delighted to have Loic on board. Loic brings with him a wealth of experience and will play an integral role in taking our private banking business in the region to the next level. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, as part of our commitment to providing bespoke wealth solutions via our award-winning ‘phygital’ model.»
