Chief Private Banking Officer

Confidential; Saudi Arabia; On-site; SAR 900,000 - 1,300,000; Full time

Job summary

Confidential is seeking a Chief Private Banking Officer to lead the private wealth business across Saudi Arabia and the GCC. You will drive acquisition, development, and governance of HNW/UHNW relationships and family offices, directing strategy, AUM growth, and partnerships.

You will oversee fundraising, product positioning, and client reviews, while building a high-performing team and ensuring fiduciary and regulatory standards are met.

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• MBA preferred; CFA/CAIA/ CFP, CISI or equivalent qualification preferred.
• 15+ years of private banking/wealth management experience.
• Proven track record in fundraising from HNW/UHNW, family offices, sovereigns and institutions.

Responsibilities

• Lead private wealth growth and strategy.
• Drive fundraising and asset growth (AUM).
• Manage key client relationships and ensure high satisfaction.
• Collaborate with investment teams to position products.
• Build and lead a high-performing private wealth team.
• Ensure regulatory compliance and risk governance.

Skills

Fundraising

Relationship management

Investment advisory

Leadership

Strategic planning

Regulatory & risk management

Networking

Private wealth

Education

Bachelor's in Finance/Economics/Business

MBA (preferred)

CFA/CAIA/CFP (preferred)

Job description

Position Overview

The Chief Private Banking Officer will lead the firm's private wealth business, driving the acquisition, development, and management of relationships with Institutions, Sovereigns, High-Net-Worth (HNW), Ultra-High-Net-Worth (UHNW) individuals, family offices.

The role is responsible for developing and executing the private wealth strategy, growing Assets Under Management (AUM), expanding distribution channels, and positioning the firm as a trusted advisor and investment partner across traditional and alternative investment solutions.

Key Responsibilities

Business Development & Capital Raising

• Lead fundraising initiatives targeting HNW, UHNW, family offices, sovereign entities, and institutional investors.
• Develop and execute strategic plans to grow client assets and increase AUM.
• Build and maintain a strong pipeline of prospective investors across Saudi Arabia, the GCC, and international markets.
• Identify new business opportunities and strategic partnerships to support growth objectives.
• Represent the firm at industry conferences, investor events, and networking forums.
• Develop referral networks with private banks, external asset managers, legal advisors, tax advisors, and family office consultants.

Client Relationship Management

• Serve as a senior relationship manager for key client relationships.
• Deliver a highly personalized client experience focused on long-term wealth preservation and growth.
• Understand client objectives, risk appetite, liquidity requirements, and succession planning needs.
• Lead regular client reviews and portfolio discussions.
• Ensure high levels of client satisfaction, retention, and wallet-share growth.

Investment Advisory & Product Distribution

• Collaborate with investment teams to position investment products effectively to clients.
• Support the development and launch of new investment products tailored to private wealth clients.
• Provide strategic input regarding product design, investor demand, and market trends.
• Educate clients on investment opportunities, portfolio construction, and market developments.

• Promote solutions across:
• Public Equities
• Fixed Income
• Structured Products
• Real Estate
• Private Credit
• Private Equity

Leadership & Team Management

• Build, lead, mentor, and develop a high-performing private wealth team.
• Establish performance standards and business development targets.
• Foster a culture of client excellence, collaboration, and accountability.
• Recruit and retain top-performing private bankers, relationship managers, and wealth advisors.
• Support succession planning and talent development initiatives.

Strategic Planning

• Develop and implement the firm's private wealth growth strategy.
• Establish annual business plans, budgets, and revenue targets.
• Monitor industry trends, competitive developments, and regulatory changes.
• Identify opportunities for geographic expansion and market penetration.
• Work closely with executive leadership to align private wealth initiatives with corporate objectives.

Regulatory & Risk Management

• Ensure compliance with all applicable regulatory requirements and internal policies.
• Maintain the highest standards of fiduciary responsibility and professional conduct.
• Partner with Compliance, Risk, Legal, and Operations teams to ensure robust governance.
• Ensure suitability and appropriateness requirements are met for all client recommendations.

Key Performance Indicators (KPIs)

• Net New Assets Raised
• Assets Under Management (AUM) Growth
• Revenue and Profitability Targets
• Client Acquisition and Retention Rates
• Cross-Selling and Product Penetration
• Family Office and UHNW Relationship Growth
• Team Productivity and Performance
• Client Satisfaction Scores

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• Master's degree (MBA) preferred.
• CFA, CAIA, CFP, CISI, or equivalent professional qualification preferred.
• Strong understanding of private markets, public markets, and wealth management solutions.

Experience Requirements

• 15+ years of experience in private banking, wealth management, asset management, or investment advisory.
• Demonstrated success raising capital from HNW, UHNW, family offices, and institutional investors.
• Established network of investors across Saudi Arabia and the GCC.
• Proven track record of growing AUM and generating revenue.
• Experience leading senior client-facing teams.
• Strong understanding of alternative investments and private market products.

Ideal Candidate Profile

The ideal candidate is a commercially driven wealth management leader with deep relationships across Saudi Arabia's private wealth ecosystem. They possess a strong fundraising track record, exceptional client relationship skills, and the ability to position sophisticated investment solutions to discerning investors. The individual combines strategic leadership with hands-on business development and is capable of building a market-leading private wealth franchise.