Standard Chartered hires private bank MD from Deutsche Bank in Dubai to run EMEA

Deutsche Bank's private bank had a great 2025, bringing in record revenues after a slight dip last year. Despite its success, a managing director running a global team of relationship managers has moved on.

Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️

Dhanajay Singh Rathore has joined Standard Chartered in Dubai as an MD and cluster head for Europe, the Middle East and Africa. He spent four and a half years at Deutsche Bank, also in Dubai, where he was a private banking team head for the Middle East, Africa and South Asia. 

Rathore also worked in the Middle Eastern private banks of Credit Suisse, Julius Baer and UBS. His early specialism was on high net-worth Indians working in the region.

Deutsche Bank CEO Christian Sewing has high hopes for his private bank. He said today that it "has made tremendous progress with its transformation," achieving returns of over 10% in 2025.

Standard Chartered, meanwhile, spent much of last year growing its UAE private banking team. It hired the head of HSBC's Middle East private bank, as well as a senior MD from Julius Baer. CEO Bill Winters said late last year that 5% of the bank's AUM is from its UAE private bank, but that "could become 15 per cent or 20 per cent" in the next few years.

Have a confidential story, tip, or comment you’d like to share? Contact: Telegram: @AlexMcMurray, WhatsApp: (+1 269 237 3950). Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Image source: Envato