The Bank has also appointed David Tunbridge, who will lead the Middle East team in Geneva, and Nader Goodarzi who will become a senior relationship manager in the Geneva team, the bank told this publication in an emailed statement.

As part of the Bank’s overall growth strategy, Lloyds TSB IPB is focussing its business growth strategy on Dubai, and has hired the entire senior private banking front office team from Dresdner Bank for its Dubai International Financial Centre (DIFC).

Mr Putt has over 30 years of experience in private wealth management and held several positions in the Middle East region, most recently as head of private banking for Dresdner Bank in Dubai and, prior to this, as regional head of private banking at Coutts in Dubai. Mr Putt will report to Michelle D’Ancona, regional director EMEA, HNW & UHNW.

Mr Tunbridge most recently was managing director and head of private banking for Arab Bank Switzerland Ltd. Previously, he worked for Lloyds TSB IPB as head of credit and as regional director for the Middle East. He also worked at Standard Chartered in Asia and in the Middle East for more than 20 years following a career at Scottish Widows.

Mr Goodarzi was previously head of wealth management at Ansbacher and director of private clients at Credit Suisse. Prior to this, he held a number of roles at Merrill Lynch where he began his private banking career.

“The Middle East is one of the key areas of historical and future focus for Lloyds TSB IPB’s overall business strategy. We are delighted that we have attracted new, experienced talent from the market place to showcase our commitment to the region and the International Private Banking business,”  said Piero Grandi, managing director, Lloyds TSB International Private Banking,

Lloyds IPB has more than 850 staff worldwide. IPB has a network of offices in the following main locations: Dubai, Geneva, Gibraltar, Guernsey, Isle of Man, Jersey, Luxembourg, Miami, Monaco, Montevideo, Zurich.