CEO Takes Helm At Capital Union Bank Middle East

Editorial Staff

23 August 2024

has appointed one of its senior figures, Peter Albinsson, as CEO and member of the board of directors, based in Abu Dhabi. He disclosed the appointment on his LinkedIn page yesterday.

Previously, Albinsson was CEO of Zurich-based external asset manager UCAP Wealth Management Switzerland – renamed a year ago from its old name of SAM Excel.

This news service has contacted the firm for comment and may update in due course.

Prior to UCAP, Albinsson was was a member of the executive board and the deputy chief executive and head of international private banking and ultra-high net worth clients at NPB Neue Privat Bank AG. Before that, he worked at EFG International, Abu Dhabi Commercial Bank and Falcon Private Bank.

Capital Union Bank, headquartered in the Bahamas, is the banking arm of the UCAP Group, which comprises a securities division, a wealth management division and an asset management division spread across Europe, North America and Asia. UCAP has offices in Zurich, Geneva, London, the Bahamas, Miami, Taiwan, Hong Kong, Singapore, and Dubai.