Chief Private Banking Officer

The Chief Private Banking Officer will lead the firm's private wealth business, driving the acquisition, development, and management of relationships with Institutions, Sovereigns, High-Net-Worth (HNW), Ultra-High-Net-Worth (UHNW) individuals, family offices.

The role is responsible for developing and executing the private wealth strategy, growing Assets Under Management (AUM), expanding distribution channels, and positioning the firm as a trusted advisor and investment partner across traditional and alternative investment solutions.

• Lead fundraising initiatives targeting HNW, UHNW, family offices, sovereign entities, and institutional investors.
• Develop and execute strategic plans to grow client assets and increase AUM.
• Build and maintain a strong pipeline of prospective investors across Saudi Arabia, the GCC, and international markets.
• Identify new business opportunities and strategic partnerships to support growth objectives.
• Represent the firm at industry conferences, investor events, and networking forums.
• Develop referral networks with private banks, external asset managers, legal advisors, tax advisors, and family office consultants.

• Serve as a senior relationship manager for key client relationships.
• Deliver a highly personalized client experience focused on long-term wealth preservation and growth.
• Understand client objectives, risk appetite, liquidity requirements, and succession planning needs.
• Lead regular client reviews and portfolio discussions.
• Ensure high levels of client satisfaction, retention, and wallet-share growth.

• Collaborate with investment teams to position investment products effectively to clients.
• Support the development and launch of new investment products tailored to private wealth clients.
• Provide strategic input regarding product design, investor demand, and market trends.
• Educate clients on investment opportunities, portfolio construction, and market developments.
• Promote solutions across:
• Public Equities
• Fixed Income
• Structured Products
• Private Credit
• Private Equity

• Build, lead, mentor, and develop a high-performing private wealth team.
• Establish performance standards and business development targets.
• Foster a culture of client excellence, collaboration, and accountability.
• Recruit and retain top-performing private bankers, relationship managers, and wealth advisors.
• Support succession planning and talent development initiatives.

• Develop and implement the firm's private wealth growth strategy.
• Establish annual business plans, budgets, and revenue targets.
• Monitor industry trends, competitive developments, and regulatory changes.
• Identify opportunities for geographic expansion and market penetration.
• Work closely with executive leadership to align private wealth initiatives with corporate objectives.

• Ensure compliance with all applicable regulatory requirements and internal policies.
• Maintain the highest standards of fiduciary responsibility and professional conduct.
• Partner with Compliance, Risk, Legal, and Operations teams to ensure robust governance.
• Ensure suitability and appropriateness requirements are met for all client recommendations.

• Net New Assets Raised
• Assets Under Management (AUM) Growth
• Revenue and Profitability Targets
• Client Acquisition and Retention Rates
• Cross-Selling and Product Penetration
• Family Office and UHNW Relationship Growth
• Team Productivity and Performance

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• Master's degree (MBA) preferred.
• CFA, CAIA, CFP, CISI, or equivalent…