Mashreq Private Banking, a division of Mashreq Bank, offers personalized wealth management services tailored to affluent clients.
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This page will explore what is Mashreq Private Bank, what it does, and whether its private banking and offshore asset management services work for your financial needs.
What is Mashreq Private Bank?
Mashreq Bank, established in 1967 in Dubai, has grown over six decades into a prominent financial institution known for its pioneering innovations in banking and technology.
Operating primarily in the United Arab Emirates, Mashreq Private Bank provides a comprehensive suite of financial solutions, including investment advisory, wealth lending, foreign exchange and commodities trading, family office services, and insurance products.
What does Mashreq Private Bank do?
As a private bank for wealthy clients, it provides dedicated relationship managers who collaborate with financial advisors, insurance advisors, and customer service managers to deliver customized financial strategies. This team-based approach ensures that clients receive holistic support.
In addition to investment services, Mashreq Private Bank offers:
- Banking solutions: Current accounts, fixed deposits, and certificates of deposit
- Exclusive cards: Tailored credit and debit card options
- Home loans: Financing for both residents and non-residents
- Real estate financing: Support for property investments
- Foreign exchange services: Multi-currency accounts and fund transfers
The bank also provides digital banking platforms, services in trust and wills, tax and estate planning, and insurance solutions, including term life, critical illness, and financial plans. These services are designed to help clients build and preserve wealth across generations.
Is Mashreq Private Bank good?
Operating under the regulation of the Central Bank of the United Arab Emirates, Mashreq Private Bank maintains a strong commitment to compliance and transparency, ensuring that clients’ interests are safeguarded within a robust regulatory framework.
Mashreq Private Bank also has received multiple industry accolades, Mashreq continues to operate with a forward-thinking mindset, emphasizing trust, innovation, and a commitment to excellence in its offerings.
Mashreq Private Bank Management Team
- Ahmed Abdelaal – Group Chief Executive Officer
Has over 30 years of experience across various banking verticals in international and regional markets. His expertise spans corporate banking, trade finance, investment banking, project finance, Islamic banking, and portfolio management. - Tarek El Nahas – Group Head of International Banking
Former Citibank executive with over 25 years of experience, including roles as Head of Corporate and Investment Banking for North Africa, Egypt, and Levant. He managed teams across six MENA countries. - Fernando Morillo Lopez – Group Head of Retail Banking
Brings 30 years of experience in Retail, Digital, and Commercial Banking across segments such as Private, Affluent, Mass, and SMEs. He is responsible for delivering profitable revenue growth and managing and executing the retail strategy across Mashreq’s personal banking, Mashreq Gold, private banking, SMEs, Islamic and Emirati segments, in addition to the bank’s digital propositions – Mashreq Neo and NEOBiz. - Norman Tambach – Group Chief Financial Officer
Brings expertise in strategic financial engineering, M&A, regulatory governance, risk management, capital management, and corporate tax planning. - Vipul Kapur – Managing Director, Head of Private Banking
Leads Mashreq Private Banking, ensuring clients receive customized wealth management solutions globally. He joined Mashreq after 25 years at Citibank, where he developed the Global NRI Wealth business and headed various regional banking units in MENA, Europe, and EMEA. - Hazem Fouad – Head of Investments
Hazem oversees the investment business for Mashreq’s Private Banking and Mashreq Gold segments, a role he has held since 2017. He joined Mashreq in 2013 and previously worked at Emirates NBD in wealth management.
Mashreq Private Banking Locations
Abu Dhabi
- Abu Dhabi Main Branch (Full Service)
Ground Floor, Blue Tower, Khalifa St, Corniche Road - Mussaffah Branch (Full Service)
Building # N – 1 (Mohd. Zayed Al Mansouri Building), M10, Mussaffah Industrial Area, Near Abu Dhabi Municipality, Mussaffah
Dubai
- Burjuman Branch (Full Service)
Khalid Bin Waleed Road, Opposite Burjuman Centre and adjacent to Burjuman Metro Station, Bur Dubai - Dubai Internet City Branch (Full Service)
Plot No A 009-010, Al Farqad Street, near US Telecom, Samsung building, Electronic Commerce & Media Free Zone Authority, Sheikh Zayed Road - Muraqqabat Branch (Full Service)
Ground Floor, Nojoum Hotel Apartment Building, Abu Bakr Al Siddique Road, Opposite Al Qabayl Centre, beside Hamrain Centre, Al Murraqabat Area
Ajman
- Ajman Branch (Full Service)
Alrefaa 1 Building, Shaikh Khalifa Bin Zayed Street
Sharjah
- Sahara Centre Branch (Full Service)
Near Ramada, Al Nahda Street
International Contact Information
- Egypt: +202 2400 6040
- Qatar: +974 4431 8318
- Kuwait: +965 2495 4848
- Bahrain: +973 1750 4411
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