Merrill Lynch has seen the departure of two senior Middle East private client specialists to rival organisations. Yesterday Credit Suiss...

Merrill Lynch has seen the departure of two senior Middle East private client specialists to rival organisations. Yesterday Credit Suisse announced the appointment of Bruno Daher as head of private banking for the Middle East/Indian sub-continent; he will also become co-chief executive for the Middle East region. Mr Daher worked in various senior Middle East roles for Merrill Lynch for 12 years and had been with the financial services firm for 21 years. Also departing Merrill Lynch is Soha Nashaat, head of global private clients’ Middle East in London. A spokeswoman from Merrill Lynch confirmed her departure. Ms Nashaat is expected to be taking up a position at Barclays Capital, although this is unconfirmed. Mr Daher’s position at Credit Suisse is a new one. In a statement, the Swiss bank said: “In his role as co-chief executive of the Middle East region, he will be responsible for fully exploiting the cooperation between all three of Credit Suisse's banking divisions and for leveraging the capabilities of the globally integrated bank generally.” He will be based in Dubai.