Barclays has named its new head of private bank for the UAE, appointing Farzad Billimoria, the former private banking boss for the UAE region at HSBC Global Private Banking. Billimoria will assume the new Dubai-based role on July 1, 2025, reporting to Annabelle Bryde, Barclays? head of private bank international.
Previously, Billimoria served as the senior executive officer and head of private bank for the UAE at HSBC, where he led the bank?s strategy in the region. He was instrumental in establishing HSBC Private Bank (Suisse) SA offices in the Dubai International Financial Centre (DIFC) branch and Abu Dhabi Global Market (ADGM), and launched HSBC?s first onshore private bank booking centre in the UAE. He also managed the growth of the non-resident Indians (NRI) business in the region and handled some of the UAE?s larger ultra-high-net-worth (UHNW) client portfolios and relationships.
Billimoria left HSBC amid structural changes aimed at simplifying operations and improving efficiency, with his responsibilities being taken over by Aladdin Hangari, HSBC?s head of GPB MENAT.
