Oracle Capital Group, the multi-family office and wealth consultancy, has made a senior appointment to its recently expanded financial services arm.

Luxembourg-headquartered Oracle Capital Group has hired Rakesh Naker as managing director and head of international business at its subsidiary Machlin Oracle.

Following a management buyout by chairman Martin Graham in October, the group’s asset management and investment advisory business is now conducted through Machlin Oracle. The business serves high net worth individuals, family offices and entrepreneurs.

Naker, who has 16 years of private banking experience in the UK and Middle East, set up financial advisory firm Priamos Capital Advisors in Dubai in 2012. He previously worked at Liechtenstein LandesBank, Societe Generale, Credit Suisse and Man Group.

In the newly-created role, Naker will lead strategic business development, with a focus on the Middle East and Asia. He will be based in London.

“At Oracle Capital Group, we are focusing on providing best in class services for HNW and UHNW families from emerging markets and even in today’s time of global uncertainty we see lots of opportunities for our clients,” said Graham.

“Rakesh Naker is a great addition to our London team. His background, understanding of client needs and strategic vision will provide a major boost to our company’s growth in key markets.”

Oracle Capital Group plans to open new offices in Dubai and Morocco in the coming months and is also exploring opportunities through strategic partnerships.