In line with a number of firms that have been expanding their presence in the Middle East, IQ-EQ makes senior hire in the Middle East.

IQ-EQ, a global investor services group, has appointed Michael Slater as managing director for the Middle East.

Based in the Dubai International Financial Centre (DIFC), Slater will lead IQ-EQ’s strategic and operational activities across the Middle East, driving growth, deepening client relationships and strengthening the group’s position as a partner to institutional investors, asset managers, family offices and private clients across the region.

The appointment comes as the Middle East continues to be a growth market for IQ-EQ, supported by strong investment activity, expanding institutional capital and rising demand for global investment solutions. Slater’s appointment reflects the group’s commitment to strengthening its leadership in the region and supporting long-term growth, the firm said.

Slater, formerly executive director and head of Middle East and Africa at Northern Trust, has spent more than 30 years working across the region, notably in the United Arab Emirates (UAE) and Saudi Arabia. He has established and scaled operations, launched offices in key financial centres, and built strong relationships with institutional investors, including sovereign wealth funds and central banks. Slater brings expertise in growth, regulatory engagement and client relationship management in complex and highly regulated markets, the firm said in a statement.

“The Middle East continues to be a priority growth market for IQ-EQ and Michael’s appointment reflects our commitment to investing in experienced leadership in the region,” John Legrand, deputy group CEO and regional CEO, EMEA, said. “His deep understanding of the market, strong client relationships and proven leadership make him an excellent fit.”

A number of firms such as Geneva-headquartered private bank Union Bancaire Privée and Zurich-headquartered private bank UBS have bolstered their presence in the Middle East, exploiting the rising level of demand for wealth management. See here.