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Sovereign Reshapes Middle East Management to Deliver a Focus on Growth in the Region

Nicholas Cully, who also sits on the Group Board of the Sovereign Group as Sales Director, stepped down as Managing Director of Sovereign’s Dubai office after five years in the role and over a decade in the Emirate

Sovereign Middle East, one of the largest independent corporate and trust service providers in the world, today announced changes to the boards of its Dubai, Bahrain and Saudi Arabia offices that are designed to deliver a focus on growth in the region and to meet the high level of business generation that this entails.

Nicholas Cully, who also sits on the Group Board of the Sovereign Group as Sales Director, stepped down as Managing Director of Sovereign’s Dubai office after five years in the role and over a decade in the Emirate. He will be relocating to Zug, Switzerland, in March 2021, where he will concentrate on developing business in Central Europe and on managing the Group’s global sales efforts in Europe, Africa, the Middle East and South-East Asia. He will remain on the boards in Bahrain, Saudi Arabia and Dubai and will continue to oversee the Middle East with regular trips to the region.

Simon Gordon, currently a Director in Dubai and Bahrain, has been promoted to the position of Managing Director of Sovereign’s Dubai office. After seven years with the company and three years in a Sales Director role at Sovereign Dubai, Simon is well placed to take the business forward and will be ably supported by an experienced board.

Paul Arnold has also been appointed as Managing Director of Sovereign’s new Saudi Arabia office in Riyadh, from where he will lead Sovereign’s ‘Saudi Expansion Plan’. Paul has been working in the Gulf region for 14 years and joined the Sovereign Group over three years ago as Head of New Market Development based in Dubai.

Further changes include the appointments of Zana Jablan Mousa to the Board of our Dubai office and Philip Gilboy to the Board of our Bahrain office. Zana heads up the Onshore Team in Dubai, where she advises her clients on corporate structuring and on UAE regulatory matters, while Philip is Legal Counsel for the Sovereign Middle East Region. Both appointees will put their highly-valued expertise at the service of the respective boards.

Sovereign set up its first Middle East office in 1997 in Dubai and is extremely proud of what it has achieved in the Gulf region. The company now has four offices – Dubai, Bahrain, Abu Dhabi and Saudi Arabia – with a total headcount that now exceeds 50 and looks forward to assisting clients, new and old, for many years to come.

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