Bank Sarasin has been granted the license to provide advisory services in private banking in the Sultanate of Oman by the country’s Capital Market Authority (CMA). Oman incorporated Sarasin-Alpen LLC (Oman) is the first Swiss origin private banking presence and activity in Oman. With offices in Muscat, the capital of Oman, Sarasin-Alpen will start business operations with immediate effect. The bank’s Oman operations are the fourth in the Gulf Cooperation Council (GCC) states.
The newly granted license allows Sarasin-Alpen LLC (Oman) to provide its complete set of high quality advisory services to individuals & institutions in the country. Sarasin-Alpen LLC (Oman), will leverage the existing Investment Banking business of Alpen Capital LLC (Oman), also regulated by the CMA, further enhancing its complete range of financial services offerings. Sarasin-Alpen LLC has a dedicated team in place, which is committed to delivering a personalized and a very high standard of services. Its associate, Alpen Capital LLC, has already established an excellent track record in providing investment-banking solutions and has completed several transactions with institutional and corporate clients in Oman.
“We are excited to offer our superior quality services to clients in Oman. Our proven track record creating innovative solutions and the combination with Alpen Capital’s investment banking solutions shall perfectly match the requirements of our discerning client base in Oman.” comments Rohit Walia, Executive Vice Chairman & CEO of Bank Sarasin-Alpen (ME) Ltd.
“The new license granted by the CMA of Oman, fills us with delight. We regard our presence in the Sultanate of Oman as an essential and pioneering step ahead for our Group” adds Fidelis Goetz, Head of the International Division of Bank Sarasin & Co. Ltd, Switzerland. “We are proud to be the first Swiss origin Private Bank in Oman. As the “Best Private Bank of the Middle East” (Banker Middle East award 2008), our new Omani clients will enjoy the best of what Private Banking has to offer”, says Joachim Straehle, CEO Bank Sarasin & Co. Ltd, Switzerland.