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Falcon Private Bank celebrates first anniversary of its Abu Dhabi representative office

United Arab Emirates: Sunday, April 15 - 2012 @ 15:49

Falcon Private Bank currently has over $1bn of assets under management in the Middle East.

“This anniversary is a significant milestone for us and renews our commitment and dedication to grow our business and brand awareness in the region, building on our emerging markets expertise and solid standing of our owner Aabar Investments. This year is looking to be extremely promising for us in terms of growth – our target for regional assets under management for 2012 currently stands at $1.4bn,” said CEO, Eduardo Leemann.

“We have seen a considerable increase in the number of high net worth clients interested in our private banking model and our exclusive investment solutions in the UAE, and we are perfectly positioned, with two representative offices in Abu Dhabi and Dubai, to seize local opportunities,” commented Zafar Khan, Chief Executive MENA region.

Since opening, the Abu Dhabi office in DAS Tower on the Corniche has supported the Bank to grow over a third of its assets under management in the region.

The office is led by Swiss branch manager Gregor Hubler who plays a key role in facilitating relationships with private wealth management customers.

In January, 2012, Falcon Private Bank launched the Falcon MENASA Focused Fixed Income Fund – domiciled in Luxembourg and investable for qualified investors – to capture investment opportunities in the emerging markets fixed income space, aiming to achieve higher risk adjusted returns with a well positioned, experienced manager. The fund currently has over $36m of assets under management.*

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Sunday, April 15- 2012 @ 15:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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