
DBS appoints Loic Voide as head of Private Banking for Middle East & Africa
Voide was most recently Chief Executive Officer and Chief Country Officer of Deutsche Bank (Switzerland). Prior to that, he served as co-CEO and Head of Private Banking for MEA. A veteran of the wealth management industry with deep expertise in the MEA region, Voide has held senior positions at several leading private banks including UBS Wealth Management and Credit Suisse.
At DBS, Voide will report to Vikas Jaidka, Region Head (Middle East, Africa, NRI), DBS Private Bank, and be responsible for driving growth and performance across the region, with a focus on ultra-high net worth clients and their families.
Said Shee Tse Koon, Group Head of Consumer Banking and Wealth Management, DBS Bank: 'The growth of our wealth management franchise is underpinned not only by Asia's burgeoning wealth but also our ability to facilitate capital and wealth flows between the Middle East, Asia and beyond. We are therefore delighted to have Loic on board. Loic brings with him a wealth of experience and will play an integral role in taking our private banking business in the region to the next level. We will continue to strengthen our franchise by adding to our talent pool and investing in technology, as part of our commitment to providing bespoke wealth solutions via our award-winning 'phygital' model.'
DBS operates in the Middle East through its branch at the DIFC. The Dubai presence offers many advantages, including being a vital gateway to the Gulf Cooperation Council (GCC) countries and Africa – two key wealth corridors that anchor the bank's global wealth management footprint.
In recent years, DBS has also observed a growing trend of Middle Eastern families establishing family offices in Asia, with Singapore and Hong Kong – where the private bank's booking centres are located – emerging as preferred destinations. Dedicated wealth planning teams support these clients with customised legacy and estate planning services to meet multi-generational needs.
Leveraging its award-winning 'phygital' model and world-class wealth platform, DBS serves private banking clients across the GCC and Africa with tailored investment advisory and bespoke portfolio diversification solutions. The bank also advises clients on both their personal and business needs through its integrated 'One Bank' approach, allowing them to tap into its corporate and investment banking capabilities to expand their businesses across Asia.
As at April 2025, DBS' high net worth assets under management stood at USD 236.6 billion, placing third in Asian Private Banker's Asia 2024 AUM league table. Most recently, DBS was named 'World's Best Private Bank for HNW' and 'Asia's Best Private Bank' by Euromoney and 'Best Private Bank in Asia for Family Offices' by Professional Wealth Management. These accolades are an endorsement of DBS' wealth proposition, strong culture of innovation and client focus.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named 'World's Best Bank' by Global Finance, 'World's Best Bank' by Euromoney and 'Global Bank of the Year' by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney and the world's 'Most Innovative in Digital Banking' by The Banker. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 16 consecutive years from 2009 to 2024.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The National
38 minutes ago
- The National
My Dubai Salary: ‘I don't take a monthly wage but earn incentives every quarter as a tech start-up founder'
Sophie Smith recalls how she decided to never be financially dependent on anyone while growing up in the UK. However, as the founder and chief executive of Nabta Health, a UAE-based healthcare platform for women, she has not drawn a salary in all but several months over the past eight years. As her company is fully backed by angel investors, the Briton, 36, does not feel comfortable receiving monthly pay and instead takes an incentive every quarter. She's currently financially dependent on her husband since moving to Dubai in 2016. Before founding Nabta Health, Ms Smith owned four companies in three years – a doctor-finding, appointment-booking platform in Pakistan, a plastic recycling company in Sierra Leone, a health tech consultancy and a software development company, both in the UK. Nabta Health combines digital and traditional health care to offer preventive care to women. 'Our platform supports in diagnosing chronic health conditions and navigating specific stages as a woman, for example, support with fertility and family planning, after birth, and menopause,' she says. 'To date, my company has been entirely backed by angel investors. We have 68 angel investors in total, most of whom invested through special purpose vehicles, but with investments ranging from $1,000 up to $1 million.' The company has raised $4 million to date and opened a pre-series A funding round of $6 million to expand the platform and acquire new clinics in the UAE. Ms Smith lives with her four children and husband, a lawyer, in a villa in Al Barsha South. She has an MA Cantab (masters in history) from the University of Cambridge and an MBA from the Quantic School of Business and Technology. What was your first job and salary? I started as an analyst with Accenture and worked there for four years before leaving to found my first company. I started on a salary of £32,000 ($43,348) per year and it came with a golden handshake of £5,000, which felt like an absolute fortune for a new graduate in 2010. I was promoted to consultant after 14 months and was on track to be promoted to manager when I quit. I left because I wanted to chart my own growth curve. I had put part of my salary into Accenture's stock programme and by the time I left, I had about £25,000 saved. I took that money and put it into my first company, a health tech consultancy. What is your salary now? When I started work on Nabta Health, I closed down the businesses I had in the UK and was dependent on my husband and the salary he was drawing from his new job in Dubai in 2017. Nabta was self-funded in very small parts by me and my founding investor, to the tune of $92,000 over 15 to 18 months. Since we have raised capital in non-traditional ways, we've never had a significant amount of runway, and I have never felt comfortable with the notion of taking a salary because the company needs the money. I didn't take a salary for the first seven-and-a-half years of Nabta's life until we'd achieved product-market fit in July 2024. I attached myself to the company as the general manager and started to take a salary of Dh33,300 ($9,067) per month after we closed our first $1 million investment, plus an additional Dh12,200 per month which accrues and is paid out quarterly only if we hit our revenue targets. I took the salary for two months before reverting to 100 per cent accrual to support our runway. Not taking a salary has placed a huge financial strain on our family. When we came to the UAE, we had no children and now we have four. Our costs as a family have increased 300 per cent. Do you manage to save and invest? I had savings before I started my first business. But since then, I've put every penny into my companies. I have a small cryptocurrency account, a couple of savings accounts and a few investments in different start-ups that are mostly through sweat equity. I'm a firm believer in having a diversified portfolio of investments and putting your capital to work, especially as a woman. If I had more liquidity, I'd have a more structured investment portfolio. I would also invest into stocks, bonds and safer and more traditional asset classes. I hope to be able to invest in real estate at some point. In the next couple of years as Nabta continues to grow and stabilise us financially, when I'll be able to start taking a regular salary, I hope to put aside probably 10 per cent of that every month to invest into different asset classes. Do you have any debt? We have a couple of credit cards as a family and try to pay them off every month. At different points over the years, we have ended up taking out loans, usually secured against my husband's salary. Within the business, I've taken debt at various points. Growing up, were you taught how to handle your finances? I was not. My father was the sole breadwinner in a house with eight children and he took quite a lot of risks. He co-founded four schools, so he remortgaged our house to support these schools. He managed his finances very closely, but on the flip side, he gave my mom a hard time about money. Growing up, I remember thinking that I'm never going to be financially dependent on anybody. It was one of the reasons why I was so determined to start my own business. What are your major monthly expenses? Rent and school fees. My personal expenses and company overheads are separate. If my husband and I end up covering any of Nabta's expenses, which has occurred when cash flow has been tight, those are rigorously documented and paid back when the company can afford it. Do you have an emergency fund? Yes, our family's emergency fund can sustain us for three months. What do you spend your disposable income on? I spend it on things to manage my health. I take dancing lessons, run, get regular massages and buy new sports equipment every now and then. I also see a Chinese energetics practitioner once a quarter. Watch: Why expat salary packages are not what they used to be Do you worry about money? I worry a lot about money in the context of the company, specifically making payroll and the implications of financial instability of everybody we employ because I am their support system. In the context of my family, I worry about money less because of a very strong support base in the UK. If anything were to happen, we could go back and stay with my family for however long it takes us to normalise. What are your financial goals? Financial sustainability for the company, first and foremost. And then I would like to get to a position where I could sustain my family as a sole breadwinner. I never intended to be in a position where I was financially dependent on somebody. Everybody should enter adult life assuming they can be financially independent. There are all sorts of hidden power dynamics associated with money. In an increasingly volatile world, entering the workforce and adulthood on an even footing is a good thing. What is your idea of financial freedom? To be in a position where you aren't actively worrying about surviving day to day, either in a professional or personal context. I want my company to be able to capitalise on growth opportunities to hire the right people and pay them good money to create financial stability.


Zawya
an hour ago
- Zawya
Shapoorji Pallonji completes maiden international project in Dubai
In a historic milestone, Shapoorji Pallonji, India's 158-year-old real estate and construction giant, has officially completed its first-ever international residential development, Imperial Avenue, in Downtown Dubai, marking a bold new chapter in the group's global expansion journey. Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000 sq ft grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Backed by AED 1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers. Announcing the completion, Cyrus Engineer - SP International Property Developers, said: 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address." Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries, he stated. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has confidently invested its legacy in Dubai's future-ready real estate markets. "Dubai's ambition mirrors our own - to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (


Zawya
an hour ago
- Zawya
Luxridge secures $544mln Vincitore Realty project contracts
Vincitore Realty, a leading boutique designer developer in UAE, has announced that it has awarded a landmark AED2 billion ($544 million) contract to Luxridge Building Construction for delivering its latest wave of luxury real estate projects in Dubai. The decision underscores its commitment to partnering with trusted, quality-driven contractors to ensure precision execution across every stage of development, said a statement from Vincitore Realty. By appointing Luxridge – a company known for its meticulous delivery standards – the developer aims to reinforce buyer confidence ahead of a series of high-profile launches. "Vincitore Realty is committed to crafting more than just architectural icons; we're building trust, value, and enduring legacies. This AED2 billion partnership with Luxridge represents our unwavering commitment to executional excellence," remarked Vijay Doshi, the Founder & Chairman of Vincitore Realty. "Together, we are shaping the future of luxury living in Dubai—landmarks that will inspire generations and stand the test of time," he stated. With a reputation built on performance, Luxridge brings to the table deep regional knowledge and a rigorous engineering model tailored for Dubai's evolving urban fabric. Its proprietary CORE Quality Framework ensures global standards are met – from planning through to final handover – supporting Vincitore's vision of creating exceptional lifestyle driven developments, he added. On the key contract win, Pankaj Sharma, the COO of Luxridge Building Construction, said: "This partnership reflects the trust we've earned through precision, accountability, and unwavering quality. Backed by proven processes and a committed team, we are proud to be awarded these landmark projects and are looking forward to delivering them with the highest standards, reinforcing Dubai's global reputation for excellence." While the contract further validates Luxridge as a dependable construction partner for high-end projects, it also reflects a growing trend among developers to prioritise reliability and transparency over volume alone. The collaboration reinforces Dubai's position as a capital of design-led, investor-resilient real estate, where thoughtful partnerships deliver both economic value and architectural distinction. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (