The new hires and his teams in Dubai, Switzerland and London will look to strengthen relationships with HNWI and UHNWIs.

Barclays has appointed Steve Klemme as head of Middle East for its private bank and overseas services.

He has over 30 years’ experience leading Middle East regional teams for global financial institutions,the bank said in a statement. 

Klemme and his teams based in Dubai, Switzerland and London will develop and strengthen relationships with Middle Eastern high net worth and ultra-high net worth clients through the delivery of bespoke advice and solutions and access to corporate and investment banking products and services.

“This year we have completed a series of strategic appointments to deliver increased growth and returns for private bank & overseas services," said Karen Frank, chief executive, private bank and overseas services. "I’m excited to see our all new colleagues take up their seats because it shows the ambition of what we want to achieve for our clients. Steve’s appointment significantly advances our plans to strengthen our capabilities in the Middle East.”

In May, this publication reported that Barclays will recruit 100 new staff to its private bank in a push to win more business from wealthy clients.