Michael Dismorr joins from Deutsche Bank where he was chairman of its Middle East advisory board and head of the Middle East and Africa key client group. He will report to Amir Sadr co-head of the Middle East who was one of Coutt’s early hires during its expansion in the region.
Dismorr will be based in the company’s Dubai International Finance Centre office.
In the newly created position, Coutts said Dismorr will “proactively develop new and existing business in the Middle East, leveraging his extensive connections with the region” and will act as a senior ambassador for the company.
Chief executive Rory Tapner said Dismorr’s appointment “underscores the importance of the Middle East business” to Coutts.
Coutts has been steadily growing its presence in the Middle East since 2011 and has since been on an ambitious recruitment drive which has seen it poach teams and senior executives from a number of local competitors. Coutts said it plans to make a further 13 new hires in the Middle East this year, seven of which are to be based in its Dubai office which acts as its Middle East hub.
Its DIFC office was officially opened in late 2012 and the firm also has officies in Abu Dhabi and Doha in Qatar.
