Kaupthing Bank is preparing to
commence activities in the Middle East.
Operations will be based in the
Gulf and Kaupthing Bank is currently in discussions with regulatory authorities in the region to
obtain neccessary licences.
The Bank will initially focus on investment
banking and wealth management
in this region.
Kaupthing has appointed Umar Ali as Managing Director of operations in the Middle East. Mr
Ali has 15 years experience in international finance and was previously employed at HSBC Bank
and NatWest Markets where
he had extensive experience of the region. Kaupthing expects to employ approximately
10-15 people in the area during the