Bates, who has been with the company for nine years, will be based in the United Arab Emirates and will work alongside Mark Leale, regional manager of the banks’ Dubai office.
Nedbank, which rebranded from Fairbairn Private Bank in October last year, said during his time with the company Bates has been based in the Isle of Man then moved to London to oversee the launch of its UK office and will now be tasked with expanding the bank’s growth internationally in both the private client and intermediary sectors.
Greg Horton, managing director of Nedbank Private Wealth, said: “We opened our Middle East office in April 2011 in order to serve our existing clients in the region, and now that it is firmly established, we are experiencing rapid growth there, as well as further afield in the Far East.
“It is a very exciting time for the bank as we continue to develop our presence and raise the profile of our asset management offering internationally.”
