Coutts creates Advisory Board for its Middle East Business

LONDON/DUBAI – Coutts is pleased to announce the creation of an Advisory Board for its Middle East business. The Board will help to broaden and shape Coutts' ambitious plans, aiding hiring and driving financial performance by strengthening client relationships.

The Board will initially comprise nine influential members with long and varied experience of conducting business and advising clients in the Middle East [see notes to editors]. It is a consultative body that will meet twice a year to provide counsel to management in the region, the Coutts International Management Committee and the division's Executive Committee. Coutts will be represented by The Earl of Home, Chairman, Rory Tapner, Chief Executive and Michael Dismorr, Managing Director, Middle East.

Commenting on the creation of the Advisory Board, Alex Classen, CEO, Coutts International said: “We are delighted that such high calibre professionals have agreed to work with us to develop our strategy and business.  We will be growing the Advisory Board over time to include further regional representation as we continue to expand our commitment to this important market for Coutts.”

Coutts has been present in the Middle East for many years and opened its first representative office in the United Arab Emirates (UAE) in Dubai, 13 years ago. The firm has regional offices in Dubai, Abu Dhabi and Doha and, in 2011, announced its intention to grow the business in core international markets, including the Middle East.

In November 2012, Coutts officially opened new premises in the Dubai International Financial Centre (DIFC).  Moving to the DIFC underscored the Bank's commitment to the region and enables Coutts to operate as an authorised firm, offering a greater degree of investment advice to clients who work with the bank in the region.