Senior Private Banker

Rycruit & Co.; Dubai; On-site; AED 661,000 - 1,249,000; Full time

Benefits offered by this job

Autonomy

Open-architecture platform

Equity/partnership path

Job summary

Rycruit & Co. is seeking a Senior Private Banker / Relationship Manager to transition a portable USD 100 million AUM into an independent, entrepreneurially oriented platform in the DIFC.

You will manage a portfolio of HNW/UHNW individuals and families, delivering holistic wealth management across investments, credit, structuring, and estate planning needs. You will deepen client relationships and generate new business via referrals, working with investment advisory, product, and structuring

Qualifications

• Portable USD 100m+ AUM book required.
• 8–12 years in private banking, wealth mgmt or relationship mgmt.
• Established GCC/MENA HNW/UHNW client networks preferred.

Responsibilities

• Transition a USD 100m+ AUM book to the new platform.
• Serve as primary contact for HNW/UHNW clients across investments, credit, structuring, and estate planning.
• Grow AUM through referrals and deep client relationships.
• Collaborate with investment advisory, product, and structuring teams to tailor multi-custodian solutions.
• Maintain up-to-date knowledge of markets and asset classes to provide informed advice.
• Ensure DFSA/KYC/AML compliance and firm risk policies.
• Represent the firm with discretion, integrity, and long-term client stewardship.

Skills

AUM growth

HNW/UHNW relationships

Regulatory compliance (DFSA)

Job description

About the Firm

Our client is a well-established, independently owned External Asset Manager headquartered in the DIFC, with a long-standing track record of serving high-net-worth and ultra-high-net-worth families across the GCC, wider MENA region, and international markets. The firm operates on an open-architecture, multi-custodian model, giving clients access to a broad universe of investment products and banking partners while preserving true independence of advice. Backed by a stable ownership structure, a strong regulatory standing, and a senior team drawn from leading global private banks, the firm has built a reputation for discretion, continuity, and long-term client relationships spanning generations.

The Opportunity

The firm is looking to hire a Senior Private Banker / Relationship Manager who can bring and transition a portable book of business of at least USD 100 million in client assets. This is a rare opportunity for an established banker to move into an independent, entrepreneurial platform that offers greater economics, product flexibility, and client-first positioning than a traditional bank, while retaining the infrastructure, compliance support, and multi-custodian access needed to service a sophisticated HNW/UHNW client base.

Key Responsibilities

Transition and onboard an existing portable book of USD 100 million or more in client assets under management, ensuring a smooth and compliant transfer of relationships. Act as the primary point of contact for a portfolio of HNW/UHNW individuals and families, delivering holistic wealth management advice across investments, credit, structuring, and estate planning needs. Grow assets under management through deepening existing client relationships and generating new business via referrals and personal network. Work with the firm's investment advisory, product, and structuring specialists to build tailored, multi-custodian portfolio solutions aligned to each client's risk profile and objectives. Maintain a strong understanding of global markets, asset classes, and alternative investments to provide clients with informed, independent advice. Ensure full adherence to DFSA regulatory requirements, KYC/AML standards, and the firm's internal risk and compliance policies at all times. Represent the firm professionally in the market, contributing to its reputation for discretion, integrity, and long-term client stewardship.

Candidate Profile

A portable book of business of USD 100 million or more in client AUM, with demonstrable client loyalty and a track record of retention. A minimum of 8–12 years' experience in private banking, wealth management, or relationship management, ideally gained at a leading international private bank, EAM, or family office. Existing, well-established relationships with HNW/UHNW clients across the GCC and/or broader MENA region. Strong technical knowledge across investment products, credit solutions, and wealth structuring, with the ability to advise across a full balance sheet. A track record of achieving or exceeding AUM growth and revenue targets.

What's on Offer

A competitive fixed base salary complemented by a highly attractive, transparent payout structure on managed assets and revenue — materially more favourable than typical bank economics. The role offers genuine autonomy, an open-architecture product shelf, full operational and compliance support, and a clear path to equity or partnership for bankers who demonstrate sustained performance. Exact terms are structured individually and are negotiable based on the size and quality of the book being transitioned.

This mandate is being handled on a confidential and retained basis. All enquiries and applications will be treated with strict discretion.