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EFG (Middle East) Limited in Dubai (EFG Dubai), part of EFG International, has named Soha Nashaat as its new executive chair, effective 1 May 2025.
In her new role, Nashaat will concentrate on driving sustainable growth for EFG in the region and expanding the bank's operations into new markets.
She will collaborate with the senior management team of EFG International to align with the group's strategic objectives and positioning.
She will be stationed in Dubai and will report directly to Patrick Ramsey, head of the Continental Europe and Middle East Region at EFG. She will also work in conjunction with EFG Dubai CEO Ali Sandila.
Nashaat said: “I am honoured to have been appointed to this important role to further elevate the profile of EFG in this dynamic market. I very much look forward to working with Patrick Ramsey, Ali Sandila and the board of directors of the Dubai entity and the Group to take the business in the Middle East region to the next level.”
In a career spanning over three decades in the wealth management sector, Nashaat has held senior executive and non-executive positions with a focus on Middle Eastern markets.
Earlier, she was CEO of Barclays Wealth Middle East, offshore middle east head at Merrill Lynch, and member of the board of directors of Barclays Bank Suisse.
Ramsey said: “I am delighted to welcome Soha Nashaat as our new Executive Chair for Dubai. I am convinced that with her vast leadership experience from renowned banking groups and the strategic board positions she has held in the region, she will succeed in driving the further growth of our business in this market and beyond.”
Since its inception in Dubai in 2019, EFG has established a significant presence, with assets under management exceeding SFr6bn ($7.26bn) at the end of 2024.
In February this year, EFG International unveiled plans to acquire 100% of Swiss private bank Cité Gestion.
"EFG appoints Soha Nashaat as executive chair of Dubai subsidiary" was originally created and published by Private Banker International, a GlobalData owned brand.
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