Among other developments, the Dubai entity has brought in a senior executive officer and equity partner, and appointed more senior figures for the new business.

Zurich-headquartered boutique NPB Neue Privat Bank has been authorised by the Dubai International Financial Centre to set up its local entity, NPB Middle East Limited.

The Dubai entity has also brought in Amritaanshu Agrawal, equity partner and senior executive officer. It has also appointed Ashraf Abader as managing director and Waheed AlKatatsheh as senior director. Abader is joining from Mirabaud DIFC, and AlKatatsheh was formerly at Mirabaud ADGM.

"With the addition of talented professionals like Amritaanshu Agrawal, Ashraf Abader, and Waheed AlKatatsheh, we are determined to deliver exceptional service and value to our clients in the Middle East,” Markus Hofmann, partner and CEO at NPB Neue Privat Bank.

Agrawal told WealthBriefing: “Being appointed as an equity partner, board member and senior executive officer at NPB Middle East Limited is a remarkable opportunity to drive impactful change and set new standards of excellence in the region's financial landscape.”

Abader added: “I look forward to leveraging our collective expertise to drive meaningful impact and success in the region's financial landscape.” Abader brings more than 18 years’ wealth management experience to the role.