Former Credit Suisse head of asset management for Asia Pacific has joined Swiss rival UBS as chief executive for Middle East and North Africa.

Anthony Iliya will take up his new role on 1 August and will be based in Dubai. He will report to Alex Wilmot-Sitwell, group chairman and chief executive EMEA and co-CEO of UBS Investment Bank, the banking giant said in a statement.

Iliya, a banking veteran with 30 years of experience in wealth management, asset management and investment banking, was most recently executive vice-chairman and head of asset management APAC at Credit Suisse in Dubai.

Previously, he was head of fixed income and co-head of investment banking coverage for ex-Japan Asia and Australia. Prior to this, he held senior positions in global markets in New York, London and Bahrain, with General Re Financial Products, Credit Suisse and Bankers Trust. 



“The Middle East and North Africa region is a key, strategic growth market for UBS and I am very pleased Tony will be joining our excellent team in the region,” said Wilmot-Sitwell.

“His wealth of expertise and his background will position us well to further deliver the full strengths and capabilities of the firm and maximise our growth and profitability in this important region,” he added.