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Julius Baer opens representative office in Abu Dhabi

United Arab Emirates: Monday, November 26 - 2007 @ 14:56

The office will serve as a point of contact for clients who wish to invest internationally. This step will help expand Bank Julius Baer’s business in this dynamic growth market and demonstrates its commitment to the region. The office is headed by Peter Traber.

The new representative office in Abu Dhabi will introduce private banking clients to Julius Baer locations worldwide in order to provide them with a comprehensive range of best-in-class information on wealth management products and services.

Alex W. Widmer, CEO of Bank Julius Baer, commented: “Abu Dhabi enjoys strong economic growth and favourable market development, holding considerable wealth creation opportunities. The opening of our representative office in Abu Dhabi marks another important step in our global growth strategy and reflects Julius Baer’s firm commitment to this dynamic region.”

Thomas R. Meier, CEO Middle East, Asia and Eastern Europe at Julius Baer, added: “Our aim is to be close to our clients. With our comprehensive expertise in wealth management as well as an excellent track record and high reputation in the United Arab Emirates, Julius Baer is ideally positioned to provide best-in-class information to clients of the region.”

The Julius Baer representative office is headed by Peter Traber, who has several years of experience in Private Banking in Abu Dhabi. It operates under a licence granted by the Central Bank of the United Arab Emirates and is located at Bainuna 34th Street, Al Bateen Office Tower C1 / Level 8, Abu Dhabi, U.A.E.

Julius Baer was the first international private bank licensed to operate in the newly created Dubai International Financial Centre in 2004.

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Monday, November 26- 2007 @ 14:56 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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