Habib Bank AG Zurich shares big plans in the Middle East

Habib Bank AG Zurich (HBZ) has big ambitions to expand its footprint in the Middle East, seeing opportunities in the UAE’s explosive wealth growth and its own niche client segment, according to global wealth management CEO Sheheryar Rasul.

‘The opportunity in the Middle East is particularly obvious now as the world goes through a fiscal flux and tax regimes change across Europe,’ Rasul (pictured) told Citywire Middle East.

‘The DIFC [Dubai International Financial Centre] has become a centre of choice, alongside Asia,’ said Rasul, who is also country head for Switzerland.