The Middle East board will initially have nine members who have long and varied experience of conducting business and advising clients in the region, Coutts said in a statement.
The idea is that the board will help to "broaden and shape Coutts’ ambitious plans", and that it will help to drive financial performance by “strengthening client relationships".
Meetings will be held twice a year to provide counsel to region’s management teams who sit on the Coutts international management committee and the division’s executive committee.
Alex Classen, chief executive of Coutts International said: "We will be growing the advisory board over time to include further regional representation as we continue to expand.”
In April, Coutts hired Michael Dismorr as managing director for its expanding Middle Eastern operations. Dismorr joined 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 reports to Amir Sadr co-head of the Middle East who was one of Coutt’s early hires during its expansion in the region.
Last month, Coutts named Watty Buwanawati, a specialist in Indonesian private banking, to its Singapore-based private banking team, to boost business in Indonesia.
