Zafar Khan, Chief Executive MENA region
The Swiss wealth management boutique Falcon Private Bank celebrates the first anniversary of its Abu Dhabi representative office. Since opening in April 2011, Falcon Private Bank Abu Dhabi representative office has focused on developing its client base and introducing the benefits of Swiss private banking and the Bank’s cutting-edge financial solutions to high net worth individuals in the UAE. Falcon Private Bank currently has over US$ 1 billion 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 US$ 1.4 billion,” 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 US$ 36 million of assets under management.