Selim Elgen

Selim Elgen has been appointed Managing Director and Market Head for the United Arab Emirates at J.P. Morgan Private Bank, based in the Dubai office. In this role, he will lead the strategic expansion and buildout of the Private Bank franchise in the UAE, focusing on serving ultra-high net worth (UHNW) families across the Middle East and North Africa (MENA) region.

Elgen holds a BSc in Management from the London School of Economics. He joined Citi in London in 1994 and has worked for the banking group for 31 years, moving to Dubai as Citi's private bank head for the MENA region in 2021. His extensive background highlights his deep expertise in complex wealth management services, including investment management, estate planning, and specialized advisory.

Career history

• Region Head of Middle East and Africa at Citi Private Bank, encompassing Saudi Arabia, the Gulf, UAE, Levant, North and Sub-sahara Africa, Turkey, Israel and Russia
• Head of Citi Global Wealth for MENA and the UAE wealth business (appointed April 2023)
• Team Head for Central and Eastern Europe at Citi Private Bank
• Global Market Manager for Emerging Markets at Citi Private Bank
• Market Manager of Emerging Markets-Europe, Middle East & Africa at Citi Private Bank, leading teams managing ultra high net worth families from Russia, Central Europe, Israel and Africa

What Selim Elgen could bring to Managing Director and Market Head at J.P. Morgan Private Bank: Three decades of proven expertise in scaling private wealth businesses across emerging markets and complex geographies, combined with deep relationships across MENA's prominent families and entrepreneurs. His track record managing UHNW clients across multiple regions positions him to accelerate J.P. Morgan's competitive expansion in one of the world's fastest-growing wealth management markets, while leveraging established client relationships and regional regulatory knowledge.

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