Dubai-based wealth manager and Financial Planner GSB has recruited Paul Waterman and Craig Holding to join its GSB Wealth division.

Mr Waterman has joined from Skybound Wealth Management while Mr Holding has joined from financial advice firm Abacus Financial Consultants.

Both have become partners at GSB Wealth.

Mr Waterman previously held roles at Royal Bank of Scotland in its commercial, retail, and wealth management divisions. He specialises in high net worth individuals, family offices and trust companies, strategic wealth advisory, estate planning, and advanced tax structuring solutions.

Mr Holding was a partner at Abacus and has more than 19 years of experience in the UAE, after arriving in 2005. The main focus of his work is building tax-effective investment strategies for Australian and British expats. He has served as chairman of the Australian Business Council of Dubai and was on the board for nine years.

Nigel Gregory, managing partner and global head of GSB Wealth, said: “Craig and Paul bring a wealth of experience and knowledge to our team. Their addition marks another step forward in our wealth and private client services for HNW and ultra-high net worth clients.”

The business recently launched a GSB capital division, to focus on M&A, growth capital, direct investment, and a range of other advisory services. The group now consists of GSB Wealth, GSB Private and GSB Capital.

GSB specialises in Financial Planning, wealth management, private banking, finance brokerage, multi-family office services and a capital markets proposition encompassing private equity, venture capital, M&A, pre-listing funding, IPO, corporate finance, corporate advisory and private fundraising.

GSB is regulated by the Dubai Financial Services Authority in the United Arab Emirates and the FCA in the United Kingdom.