Billimoria Takes the Helm at Barclays UAE Private Bank
Company - People | Jun 19, 2025 | Zawya
Barclays has appointed Farzad Billimoria as the head of its Private Bank for the UAE, marking a key move in its strategy to bolster growth in private banking and wealth management within the Middle East and Asia. Billimoria joins Barclays from HSBC, where he was the Senior Executive Officer and Head of Private Bank for the UAE. This appointment is a strategic effort by Barclays to capture more market share in these regions, as the bank celebrates its 50th year in the UAE. Billimoria will be based in Dubai and will report directly to Annabelle Bryde, the head of Private Bank International at Barclays. His departure from HSBC aligns with the recent leadership changes and restructuring efforts at HSBC under the leadership of CEO Georges Elhedery.
Sectors
- Banking and Finance
Geography
- United Arab Emirates – The article centers around Barclays' operations and strategic moves in the UAE, specifically in the private banking sector.
- Middle East – Barclays is focusing on expanding its market presence across the Middle East as part of its growth strategy.
Industry
- Banking and Finance – The article discusses a personnel change and strategic growth initiative within the private banking and wealth management sectors, focusing on Barclays in the UAE.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Farzad Billimoria | Head of Private Bank for the UAE | People | Appointed as the head of Private Bank for the UAE at Barclays, previously held a similar position at HSBC. |
| Barclays | Employer | Company | An international bank expanding its private banking operations in the Middle East and Asia. |
| HSBC | Former Employer | Company | Billimoria’s former employer, where he was the Senior Executive Officer and Head of Private Bank for the UAE. |
| Annabelle Bryde | Head of Private Bank International | People | Billimoria's direct report at Barclays. |
| Georges Elhedery | CEO of HSBC | People | Responsible for the recent restructuring efforts at HSBC. |