Barclays has announced that Steve Klemme will be joining as the head of Middle East in private bank and overseas services.
With over 30-year experience in leading Middle East regional teams for global financial institutions, Klemme brings a unique depth and range of specialist expertise that will support the delivery of a high-growth strategy for private bank and overseas services across the region.
He and his teams, based in Dubai, Switzerland and London, will develop and strengthen relationships with Middle Eastern high net worth and ultra-high net worth clients through the delivery of bespoke advice and solutions and access to corporate and investment banking products and services.
Karen Frank, CEO, private bank and overseas services, Barclays, said: "This year we have completed a series of strategic appointments to deliver increased growth and returns. I'm excited to see our all new colleagues take up their seats because it shows the ambition of what we want to achieve for our clients. Klemme's appointment significantly advances our plans to strengthen our capabilities in the Middle East."
Francesco Grosoli, head of private bank for Europe, the Middle East and Africa, said: "Klemme's track record in the Middle East, together with his technical expertise, will enable Barclays to originate and deliver a full range of banking, investment and credit capabilities tailored to the specific needs of our clients in the region. Klemme will focus on growing our Middle East market, by expanding and deepening our client relationships and delivering solutions from across Barclays International."
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