EFG, which has been operating in Dubai since 2019, now oversees more than SFr6 billion of assets under management.

EFG (Middle East) Limited in Dubai, a subsidiary of EFG International, has appointed a new executive chair, Soha Nashaat, with effect from 1 May. The role is a newly formed one, the bank told this publication when asked about the matter.

Nashaat will work with EFG International’s senior management team to meet its strategic objectives and positioning, the Zurich-listed group said in a statement today. Based in Dubai, Nashaat will report to Patrick Ramsey, head of the Continental Europe & Middle East Region at EFG, and she will work with Ali Sandila, CEO of EFG Dubai.

Since EFG started operating in Dubai in 2019, the team has grown to have assets under management of over SFre6 billion ($7.43 billion) at end-2024. 

Nashaat has more than 30 years of experience in the wealth management industry in senior executive and non-executive roles with a focus on Middle Eastern markets. Peviously she held various leadership positions, including serving as CEO of Barclays Wealth Middle East, as Offshore Middle East head at Merrill Lynch and as a member of the board of directors of Barclays Bank Suisse.