JP Morgan Private Bank, a commercial and investment banking institution, has appointed Toby Lott as its new executive director and client advisor for the Middle East private banking team.

In his new role, Lott will focus primarily on strengthening the firm’s wealth management operations in Saudi Arabia, said a statement from JP Morgan.

He will be based in London, UK, and will report to Tara Smyth, Middle East market manager for JP Morgan Private Bank, it said.

Welcoming the appointment, Smyth said: "Lott has nearly 20 years’ experience solving complex global banking needs and delivering investment solutions for clients across the spectrum of asset and wealth management. This exemplifies the type of advisor needed to further extend our brand of advice-led expertise to prominent families across the region,” she said.

Prior to joining the firm’s private bank, Lott served as a relationship executive for several Middle East sovereign wealth funds and institutional investors for JP Morgan Asset Management since 2006, covering markets in Europe, the Middle East and Asia (MEA).

On his new role, Lott said: "Our institution plays a critical advisory role for wealthy individuals, family offices, endowments, foundations and business conglomerates, and I am excited to join a thriving team of experts providing global perspectives for clients across Mena region." – TradeArabia News Service