06:13 AM EDT, 05/18/2026 (MT Newswires) -- UBS (UBS) has lost several senior Middle East wealth bankers less than two years after hiring them, Bloomberg News reported Monday, citing people familiar with the matter.

The departures include Rana Al Emam and Ali Khunji, both of whom were hired from HSBC (HSBC) in 2024. Al Emam has joined Banco Santander (SAN), while Khunji moved to J. Safra Sarasin earlier this year, according to the report.

UBS didn't immediately respond to MT Newswires'request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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