Singapore’s DBS has hired a well-known Gulf banker, Rudiger von Wedel, to spearhead a push for Middle East private clients.

Based in Dubai, he becomes head of international, DBS Private Bank. He takes over from Rob Ioannou, who will be moving on to lead DBS’ wealth, trust and estate planning business, as well as drive the build out of DBS’ single family office offering and Australian desk.

Mr von Wedel, who will report to Lawrence Lua, deputy head of the DBS Private Bank, was most recently chief executive of the global wealth division of the National Bank of Abu Dhabi.

DBS also announced an initiative fo...