Citi has appointed Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026.
The world’s high-net-worth individual (HNWI) population of nearly 23 million individuals who collectively hold close to $87 trillion in wealth are reshaping global investment priorities, says a DIFC report which highlighted that the UAE attracted 9,800 new millionaires in 2025.
GFH Group, a leading regional financial group with interests in asset management and real estate sectors, has reported a 18.2% growth in its net profit for FY 2025 which rose to $140 million, supported by higher income from its wealth and investment management, credit and treasury businesses.
HSBC has appointed Sami Abouzahr as Head of International Wealth and Premier Banking (IWPB), UAE and Middle East, effective immediately.
